ASA Gold and Precious Metals (NYSE:ASA) Stock Price Down 3.6% – Time to Sell?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price dropped 3.6% during trading on Wednesday . The stock traded as low as $28.20 and last traded at $28.21. Approximately 48,099 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 53,944 shares. The stock had previously closed at $29.27.

ASA Gold and Precious Metals Price Performance

The firm’s 50-day moving average price is $25.97 and its two-hundred day moving average price is $22.69.

ASA Gold and Precious Metals Increases Dividend

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

Institutional Trading of ASA Gold and Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of ASA. Public Employees Retirement System of Ohio purchased a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth $10,156,000. Matrix Trust Co raised its holdings in ASA Gold and Precious Metals by 625.7% in the fourth quarter. Matrix Trust Co now owns 34,988 shares of the investment management company’s stock worth $707,000 after purchasing an additional 30,167 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of ASA Gold and Precious Metals by 8.1% during the fourth quarter. Private Advisor Group LLC now owns 52,030 shares of the investment management company’s stock valued at $1,052,000 after buying an additional 3,909 shares during the last quarter. Sprott Inc. bought a new stake in shares of ASA Gold and Precious Metals in the 4th quarter valued at about $3,239,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of ASA Gold and Precious Metals by 140.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company’s stock worth $26,000 after buying an additional 764 shares during 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.