ASA Gold and Precious Metals (NYSE:ASA) Shares Up 4.9% – Still a Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA) was up 4.9% during mid-day trading on Friday . The stock traded as high as $29.59 and last traded at $30.02. Approximately 102,958 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 53,781 shares. The stock had previously closed at $28.61.

ASA Gold and Precious Metals Price Performance

The firm’s 50-day moving average price is $25.43 and its 200 day moving average price is $22.46.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Hedge funds have recently bought and sold shares of the stock. Sessa Capital IM L.P. boosted its stake in shares of ASA Gold and Precious Metals by 22.1% during the fourth quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company’s stock valued at $13,581,000 after acquiring an additional 121,673 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of ASA Gold and Precious Metals by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company’s stock worth $1,179,000 after purchasing an additional 1,500 shares during the last quarter. Capstone Investment Advisors LLC boosted its stake in shares of ASA Gold and Precious Metals by 634.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company’s stock worth $5,383,000 after purchasing an additional 229,968 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth about $372,000. Finally, Walleye Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the fourth quarter valued at 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.