ASA Gold and Precious Metals (NYSE:ASA) Trading Up 5.5% – Time to Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA) shares were up 5.5% during mid-day trading on Wednesday . The company traded as high as $26.28 and last traded at $25.62. Approximately 6,292 shares changed hands during trading, a decline of 88% from the average daily volume of 53,724 shares. The stock had previously closed at $24.28.

ASA Gold and Precious Metals Stock Performance

The company’s 50-day simple moving average is $26.13 and its 200-day simple moving average is $22.82.

ASA Gold and Precious Metals Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be paid a $0.03 dividend. This represents a dividend yield of 0.2%. The ex-dividend date is Monday, May 5th. This is a boost from ASA Gold and Precious Metals’s previous semi-annual dividend of $0.02.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC increased its holdings in 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 acquiring an additional 764 shares in the last quarter. LaSalle St. Investment Advisors LLC grew its stake in ASA Gold and Precious Metals by 47.5% during the fourth quarter. LaSalle St. Investment Advisors LLC now owns 2,014 shares of the investment management company’s stock worth $41,000 after buying an additional 649 shares during the period. Covestor Ltd raised its position 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 purchasing an additional 707 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new stake in ASA Gold and Precious Metals in the fourth quarter valued at approximately $255,000. Finally, Walleye Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the 4th 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.