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

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price 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 trading hands.

ASA Gold and Precious Metals Stock Up 3.8 %

The stock has a 50 day simple moving average of $25.01 and a two-hundred day simple moving average of $22.27.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its stake in ASA Gold and Precious Metals by 140.7% in the fourth 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 in the last quarter. LaSalle St. Investment Advisors LLC boosted its position 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 period. Covestor Ltd grew its stake in ASA Gold and Precious Metals by 17.2% during the 4th quarter. Covestor Ltd now owns 4,825 shares of the investment management company’s stock worth $98,000 after buying an additional 707 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in ASA Gold and Precious Metals during the fourth quarter worth approximately $255,000. Finally, Walleye Capital LLC acquired a new position in ASA Gold and Precious Metals during the fourth 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.