ASA Gold and Precious Metals (NYSE:ASA) Sets New 12-Month High - Here's What Happened

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.61 and last traded at $31.56, with a volume of 32498 shares. The stock had previously closed at $30.40.

ASA Gold and Precious Metals Stock Down 1.1 %

The firm's 50 day moving average is $26.94 and its 200-day moving average is $23.31.

ASA Gold and Precious Metals Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC acquired a new position in ASA Gold and Precious Metals during the first quarter valued at approximately $220,000. Matrix Trust Co grew its stake in ASA Gold and Precious Metals by 36.9% in the 1st quarter. Matrix Trust Co now owns 47,899 shares of the investment management company's stock valued at $1,444,000 after buying an additional 12,911 shares during the last quarter. NBC Securities Inc. raised its holdings in ASA Gold and Precious Metals by 128,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company's stock worth $38,000 after acquiring an additional 1,286 shares during the period. Sessa Capital IM L.P. lifted its position in ASA Gold and Precious Metals by 22.1% during the 4th quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company's stock worth $13,581,000 after acquiring an additional 121,673 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in ASA Gold and Precious Metals by 2.6% during the fourth quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company's stock valued at $1,179,000 after acquiring an additional 1,500 shares during the period.

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.