ASA Gold and Precious Metals (NYSE:ASA) Sets New 1-Year High – Time to Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.80 and last traded at $26.29, with a volume of 67152 shares. The stock had previously closed at $25.36.

ASA Gold and Precious Metals Stock Performance

The firm’s fifty day moving average is $21.76 and its 200 day moving average is $20.74.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Institutional investors have recently made changes to their positions in the company. Capstone Investment Advisors LLC acquired a new stake in ASA Gold and Precious Metals during the 3rd quarter worth approximately $753,000. Matrix Trust Co increased its position in ASA Gold and Precious Metals by 625.7% during the 4th quarter. Matrix Trust Co now owns 34,988 shares of the investment management company’s stock worth $707,000 after buying an additional 30,167 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of ASA Gold and Precious Metals during the third quarter worth $10,156,000. International Assets Investment Management LLC bought a new stake in shares of ASA Gold and Precious Metals in the third quarter valued at about $9,930,000. Finally, Wolverine Asset Management LLC grew its stake in shares of 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 valued at $2,793,000 after acquiring an additional 42,991 shares in the last quarter.

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.