ASA Gold and Precious Metals (NYSE:ASA) Share Price Crosses Above Fifty Day Moving Average of $15.25

ASA Gold and Precious Metals Limited (NYSE:ASA)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $15.25 and traded as high as $17.00. ASA Gold and Precious Metals shares last traded at $16.87, with a volume of 47,550 shares changing hands.

ASA Gold and Precious Metals Price Performance

The business has a 50 day simple moving average of $15.25 and a two-hundred day simple moving average of $14.74.

ASA Gold and Precious Metals Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be issued a $0.02 dividend. The ex-dividend date is Friday, May 3rd. This is a boost from ASA Gold and Precious Metals’s previous Semi-Annual dividend of $0.01. This represents a dividend yield of 0.1%.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASA. Saba Capital Management L.P. grew its stake in ASA Gold and Precious Metals by 59.1% in the 3rd quarter. Saba Capital Management L.P. now owns 1,788,420 shares of the investment management company’s stock worth $23,840,000 after acquiring an additional 664,321 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of ASA Gold and Precious Metals by 14.5% in the first quarter. Raymond James & Associates now owns 730,894 shares of the investment management company’s stock valued at $11,227,000 after purchasing an additional 92,458 shares during the period. International Assets Investment Management LLC bought a new position in ASA Gold and Precious Metals in the fourth quarter worth approximately $522,000. PFG Investments LLC purchased a new position in ASA Gold and Precious Metals during the 1st quarter worth $501,000. Finally, Twelve Points Wealth Management LLC raised its position in ASA Gold and Precious Metals by 4.7% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 499,994 shares of the investment management company’s stock valued at $6,665,000 after purchasing an additional 22,611 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.