ASA Gold and Precious Metals (NYSE:ASA) Stock Price Down 5.5% - Here's Why

Shares of ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) fell 5.5% on Monday . The stock traded as low as $29.28 and last traded at $29.04. 10,353 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 69,012 shares. The stock had previously closed at $30.72.

ASA Gold and Precious Metals Stock Performance

The company's 50-day moving average price is $28.69 and its two-hundred day moving average price is $24.45.

ASA Gold and Precious Metals Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th were issued a $0.03 dividend. 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 was Monday, May 5th.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in ASA Gold and Precious Metals in the 4th quarter valued at about $12,492,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of ASA Gold and Precious Metals by 24.0% during 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. Sprott Inc. acquired a new position in shares of ASA Gold and Precious Metals during the fourth quarter worth approximately $3,239,000. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of ASA Gold and Precious Metals in the 4th quarter worth $255,000. Finally, Capstone Investment Advisors LLC lifted its holdings in shares of ASA Gold and Precious Metals by 634.3% in 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 in the last quarter.

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.