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

ASA Gold and Precious Metals Limited (NYSE:ASA)’s share price reached a new 52-week high on Monday . The stock traded as high as $30.91 and last traded at $30.81, with a volume of 28510 shares changing hands. The stock had previously closed at $30.01.

ASA Gold and Precious Metals Price Performance

The business has a 50-day moving average of $25.74 and a 200-day moving average of $22.61.

ASA Gold and Precious Metals Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be issued a $0.03 dividend. This is an increase from ASA Gold and Precious Metals’s previous semi-annual dividend of $0.02. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, May 5th.

Hedge Funds Weigh In On ASA Gold and Precious Metals

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

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.