ASA Gold and Precious Metals (NYSE:ASA) Sets New 12-Month High – Time to Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $26.80 and last traded at $26.29, with a volume of 67152 shares changing hands. The stock had previously closed at $25.36.

ASA Gold and Precious Metals Stock Performance

The firm’s 50 day moving average is $21.52 and its two-hundred day moving average is $20.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASA. Steward Partners Investment Advisory LLC lifted its stake in ASA Gold and Precious Metals by 140.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company’s stock valued at $26,000 after buying an additional 764 shares during the last quarter. Covestor Ltd lifted its position in ASA Gold and Precious Metals by 54.3% in the 3rd quarter. Covestor Ltd now owns 4,118 shares of the investment management company’s stock valued at $86,000 after purchasing an additional 1,449 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in ASA Gold and Precious Metals during the 2nd quarter valued at about $209,000. Matrix Trust Co grew its position in ASA Gold and Precious Metals by 625.7% in the 4th quarter. Matrix Trust Co now owns 34,988 shares of the investment management company’s stock worth $707,000 after purchasing an additional 30,167 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in ASA Gold and Precious Metals in the 3rd quarter worth about $753,000.

About ASA Gold and Precious Metals

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.