ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Up – Should You Buy?

Shares of ASA Gold and Precious Metals Limited (NYSE:ASA) gapped up prior to trading on Wednesday . The stock had previously closed at $26.93, but opened at $27.70. ASA Gold and Precious Metals shares last traded at $27.61, with a volume of 18,266 shares changing hands.

ASA Gold and Precious Metals Stock Performance

The stock’s 50 day moving average is $25.01 and its two-hundred day moving average is $22.27.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC raised its stake in ASA Gold and Precious Metals by 140.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 764 shares during the last quarter. LaSalle St. Investment Advisors LLC grew its stake in shares of ASA Gold and Precious Metals by 47.5% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 2,014 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 649 shares during the last quarter. Covestor Ltd increased its holdings in shares of ASA Gold and Precious Metals by 17.2% in the fourth quarter. Covestor Ltd now owns 4,825 shares of the investment management company’s stock valued at $98,000 after purchasing an additional 707 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth approximately $255,000. Finally, Walleye Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth $346,000.

ASA Gold and Precious Metals Company Profile

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.