ASA Gold and Precious Metals (NYSE:ASA) Stock Price Down 3.6% – What’s Next?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price dropped 3.6% on Wednesday . The company traded as low as $28.20 and last traded at $28.21. Approximately 48,099 shares changed hands during trading, a decline of 11% from the average daily 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 price is $25.74 and its two-hundred day moving average price is $22.61.

ASA Gold and Precious Metals Increases Dividend

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

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds have recently modified their holdings of the stock. Matrix Trust Co boosted 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 valued at $707,000 after purchasing an additional 30,167 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter valued at approximately $10,156,000. Raymond James Financial Inc. bought a new position in shares of ASA Gold and Precious Metals in the fourth quarter valued at $12,492,000. Blue Bell Private Wealth Management LLC raised its position in 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 worth $2,283,000 after acquiring an additional 21,850 shares in the last quarter. Finally, Sprott Inc. acquired a new stake in ASA Gold and Precious Metals in the fourth quarter valued at $3,239,000.

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.