ASA Gold and Precious Metals (NYSE:ASA) Reaches New 52-Week High - Still a Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.91 and last traded at $30.81, with a volume of 28510 shares changing hands. The stock had previously closed at $30.01.

ASA Gold and Precious Metals Stock Performance

The business has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $22.76.

ASA Gold and Precious Metals Increases Dividend

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

Institutional Trading of ASA Gold and Precious Metals

Several hedge funds have recently made changes to their positions in ASA. Matrix Trust Co increased its stake in ASA Gold and Precious Metals by 625.7% during the 4th quarter. Matrix Trust Co now owns 34,988 shares of the investment management company's stock worth $707,000 after buying an additional 30,167 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of ASA Gold and Precious Metals in the third quarter worth $10,156,000. Raymond James Financial Inc. purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth $12,492,000. Blue Bell Private Wealth Management LLC raised its stake in shares of ASA Gold and Precious Metals by 24.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 112,923 shares of the investment management company's stock valued at $2,283,000 after acquiring an additional 21,850 shares in the last quarter. Finally, Sprott Inc. purchased a new position in ASA Gold and Precious Metals in the fourth quarter valued at $3,239,000.

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.