ASA Gold and Precious Metals (NYSE:ASA) Sets New 52-Week High – Should You Buy?

ASA Gold and Precious Metals Limited (NYSE:ASAGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $28.99 and last traded at $28.57, with a volume of 9825 shares. The stock had previously closed at $27.99.

ASA Gold and Precious Metals Trading Up 3.9 %

The business has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $22.31.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of ASA Gold and Precious Metals in the 4th quarter worth approximately $12,492,000. Public Employees Retirement System of Ohio purchased a new position in ASA Gold and Precious Metals in the third quarter worth $10,156,000. Capstone Investment Advisors LLC lifted its holdings in shares of ASA Gold and Precious Metals by 634.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company’s stock valued at $5,383,000 after purchasing an additional 229,968 shares during the last quarter. Sprott Inc. acquired a new position in shares of ASA Gold and Precious Metals during the fourth quarter valued at about $3,239,000. Finally, Sessa Capital IM L.P. lifted its position in ASA Gold and Precious Metals by 22.1% during the 4th quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company’s stock worth $13,581,000 after acquiring an additional 121,673 shares during the period.

About ASA Gold and Precious Metals

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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.

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