ASA Gold and Precious Metals (NYSE:ASA) Hits New 1-Year High – Should You Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA) reached 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 changing hands. The stock had previously closed at $27.99.

ASA Gold and Precious Metals Stock Performance

The stock’s 50 day moving average price is $24.89 and its 200-day moving average price is $22.20.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several institutional investors have recently bought and sold shares of ASA. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 purchasing an additional 764 shares during the last quarter. LaSalle St. Investment Advisors LLC increased its position in ASA Gold and Precious Metals by 47.5% during 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 buying an additional 649 shares in the last quarter. Covestor Ltd raised its stake in 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 buying an additional 707 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in ASA Gold and Precious Metals in the fourth quarter worth about $255,000. Finally, Walleye Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth about $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.