ASA Gold and Precious Metals (NYSE:ASA) Reaches New 1-Year High – Still a Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s share price hit a new 52-week high on Thursday . The company traded as high as $23.60 and last traded at $23.53, with a volume of 18739 shares. The stock had previously closed at $22.70.

ASA Gold and Precious Metals Price Performance

The firm has a fifty day moving average of $21.05 and a 200-day moving average of $20.43.

Institutional Trading of ASA Gold and Precious Metals

A number of large investors have recently modified their holdings of the company. Matrix Trust Co increased 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 valued at $707,000 after acquiring an additional 30,167 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of ASA Gold and Precious Metals in the third quarter worth $10,156,000. Capstone Investment Advisors LLC acquired a new position in shares of ASA Gold and Precious Metals during the third quarter valued at $753,000. Landscape Capital Management L.L.C. raised its stake in shares of ASA Gold and Precious Metals by 72.6% during the third quarter. Landscape Capital Management L.L.C. now owns 65,780 shares of the investment management company’s stock valued at $1,367,000 after purchasing an additional 27,667 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in ASA Gold and Precious Metals by 47.0% in the third quarter. Wolverine Asset Management LLC now owns 134,395 shares of the investment management company’s stock worth $2,793,000 after purchasing an additional 42,991 shares during the period.

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.