ASA Gold and Precious Metals (NYSE:ASA) Sets New 1-Year High - Here's Why

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $24.48 and last traded at $24.34, with a volume of 41427 shares. The stock had previously closed at $24.03.

ASA Gold and Precious Metals Trading Up 0.4 %

The stock's fifty day moving average price is $21.52 and its two-hundred day moving average price is $20.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in ASA Gold and Precious Metals in the fourth quarter valued at approximately $12,492,000. Twelve Points Wealth Management LLC boosted its position in ASA Gold and Precious Metals by 2.7% during the third quarter. Twelve Points Wealth Management LLC now owns 542,838 shares of the investment management company's stock valued at $11,280,000 after acquiring an additional 14,394 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in ASA Gold and Precious Metals during the 3rd quarter worth about $10,156,000. Sprott Inc. bought a new position in shares of ASA Gold and Precious Metals in the 4th quarter worth about $3,239,000. Finally, Wolverine Asset Management LLC lifted its stake in shares of ASA Gold and Precious Metals by 47.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 134,395 shares of the investment management company's stock valued at $2,793,000 after purchasing an additional 42,991 shares during the period.

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.