ASA Gold and Precious Metals (NYSE:ASA) Shares Down 3.6% - What's Next?

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report)'s stock price fell 3.6% on Wednesday . The company traded as low as $28.20 and last traded at $28.21. 48,099 shares were traded during mid-day trading, a decline of 11% from the average session volume of 53,944 shares. The stock had previously closed at $29.27.

ASA Gold and Precious Metals Stock Performance

The firm's 50 day moving average is $26.02 and its 200-day moving average is $22.76.

ASA Gold and Precious Metals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.03 per share. 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. This represents a dividend yield of 0.2%.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of ASA Gold and Precious Metals during the 3rd quarter valued at about $10,156,000. Matrix Trust Co increased its position in ASA Gold and Precious Metals by 625.7% during 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 during the last quarter. Private Advisor Group LLC raised its stake in 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 worth $1,052,000 after purchasing an additional 3,909 shares during the period. Sprott Inc. acquired a new position in shares of ASA Gold and Precious Metals in the 4th quarter valued at $3,239,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of ASA Gold and Precious Metals by 140.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company's stock valued at $26,000 after buying an additional 764 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.