ASA Gold and Precious Metals (NYSE:ASA) Shares Pass Above 50 Day Moving Average of $14.93

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.93 and traded as high as $17.24. ASA Gold and Precious Metals shares last traded at $16.91, with a volume of 71,625 shares traded.

ASA Gold and Precious Metals Stock Performance

The stock’s 50-day moving average is $14.93 and its two-hundred day moving average is $14.57.

ASA Gold and Precious Metals Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be given a dividend of $0.02 per share. This is a positive change from ASA Gold and Precious Metals’s previous Semi-Annual dividend of $0.01. The ex-dividend date of this dividend is Friday, May 3rd. This represents a dividend yield of 0.1%.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new stake in ASA Gold and Precious Metals during the first quarter valued at $90,000. Money Concepts Capital Corp purchased a new stake in ASA Gold and Precious Metals during the fourth quarter valued at $70,000. Wolverine Asset Management LLC raised its stake in ASA Gold and Precious Metals by 96.6% during the fourth quarter. Wolverine Asset Management LLC now owns 8,652 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 4,252 shares in the last quarter. Northern Trust Corp purchased a new stake in ASA Gold and Precious Metals during the second quarter valued at $176,000. Finally, UBS Group AG raised its stake in ASA Gold and Precious Metals by 6.5% during the third quarter. UBS Group AG now owns 13,203 shares of the investment management company’s stock valued at $166,000 after purchasing an additional 803 shares in the last quarter.

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.