ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Up – Still a Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA) 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 changing hands.

ASA Gold and Precious Metals Stock Performance

The business has a 50-day moving average price of $25.27 and a 200-day moving average price of $22.35.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in ASA Gold and Precious Metals in the fourth quarter worth approximately $12,492,000. Public Employees Retirement System of Ohio bought a new stake in ASA Gold and Precious Metals during the third quarter valued at about $10,156,000. Capstone Investment Advisors LLC grew its stake in 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 valued at $5,383,000 after purchasing an additional 229,968 shares during the last quarter. Sprott Inc. purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter valued at about $3,239,000. Finally, Sessa Capital IM L.P. boosted its holdings in shares of ASA Gold and Precious Metals by 22.1% in the 4th quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company’s stock valued at $13,581,000 after buying an additional 121,673 shares in the last quarter.

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.