ASA Gold and Precious Metals (NYSE:ASA) Hits New 12-Month High – Time to Buy?

Shares of ASA Gold and Precious Metals Limited (NYSE:ASA) reached a new 52-week high during trading on Thursday . The company traded as high as $23.60 and last traded at $23.53, with a volume of 18739 shares traded. The stock had previously closed at $22.70.

ASA Gold and Precious Metals Stock Performance

The firm’s 50-day simple moving average is $20.92 and its two-hundred day simple moving average is $20.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASA. Covestor Ltd raised its position in shares of ASA Gold and Precious Metals by 54.3% during the 3rd quarter. Covestor Ltd now owns 4,118 shares of the investment management company’s stock worth $86,000 after purchasing an additional 1,449 shares during the last quarter. Matrix Trust Co acquired a new position in shares of ASA Gold and Precious Metals during the third quarter valued at approximately $100,000. Sanctuary Advisors LLC purchased a new position in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $209,000. Capstone Investment Advisors LLC acquired a new stake in shares of ASA Gold and Precious Metals in the third quarter worth approximately $753,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of ASA Gold and Precious Metals during the third quarter worth approximately $9,930,000.

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.