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ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Up - Here's What Happened

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ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $26.93, but opened at $27.70. ASA Gold and Precious Metals shares last traded at $27.61, with a volume of 18,266 shares trading hands.

ASA Gold and Precious Metals Stock Performance

The company's 50-day moving average price is $25.60 and its 200 day moving average price is $22.55.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several institutional investors and hedge funds have recently bought and sold shares of ASA. Sessa Capital IM L.P. raised its stake in shares of ASA Gold and Precious Metals by 22.1% in the fourth quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company's stock worth $13,581,000 after buying an additional 121,673 shares during the period. Raymond James Financial Inc. bought a new stake in ASA Gold and Precious Metals during the 4th quarter worth approximately $12,492,000. Public Employees Retirement System of Ohio purchased a new position in ASA Gold and Precious Metals during the third quarter valued at approximately $10,156,000. Capstone Investment Advisors LLC boosted its position in shares of ASA Gold and Precious Metals by 634.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company's stock worth $5,383,000 after purchasing an additional 229,968 shares during the period. Finally, Sprott Inc. purchased a new stake in shares of ASA Gold and Precious Metals in the fourth quarter worth $3,239,000.

ASA Gold and Precious Metals Company Profile

(Get Free Report)

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.

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