ASA Gold and Precious Metals (NYSE:ASA) Reaches New 12-Month High - Here's Why

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $31.94 and last traded at $31.36, with a volume of 78078 shares trading hands. The stock had previously closed at $30.74.

ASA Gold and Precious Metals Trading Down 2.3 %

The firm has a 50-day simple moving average of $27.37 and a two-hundred day simple moving average of $23.68.

ASA Gold and Precious Metals Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of ASA Gold and Precious Metals during the fourth quarter valued at approximately $12,492,000. Capstone Investment Advisors LLC lifted its stake in shares of ASA Gold and Precious Metals by 634.3% during the 4th 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. Sprott Inc. acquired a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth $3,239,000. Sessa Capital IM L.P. grew its position 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 valued at $13,581,000 after purchasing an additional 121,673 shares during the period. Finally, Matrix Trust Co increased its stake in ASA Gold and Precious Metals by 625.7% in the fourth quarter. Matrix Trust Co now owns 34,988 shares of the investment management company's stock valued at $707,000 after purchasing an additional 30,167 shares during 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.