ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Down – Here’s What Happened

Shares of ASA Gold and Precious Metals Limited (NYSE:ASA) gapped down prior to trading on Monday . The stock had previously closed at $62.24, but opened at $56.92. ASA Gold and Precious Metals shares last traded at $57.1610, with a volume of 27,045 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals presently has an average rating of “Buy”.

ASA Gold and Precious Metals Stock Up 0.7%

The company has a fifty day moving average price of $64.39 and a two-hundred day moving average price of $63.82.

ASA Gold and Precious Metals Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 13th. Investors of record on Friday, May 1st were given a dividend of $0.04 per share. This represents a yield of 13.0%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASA. JPMorgan Chase & Co. acquired a new position in ASA Gold and Precious Metals during the second quarter valued at $61,000. Walleye Capital LLC raised its position in ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after buying an additional 341 shares during the period. Jane Street Group LLC acquired a new position in ASA Gold and Precious Metals during the second quarter valued at $383,000. Osaic Holdings Inc. raised its position in ASA Gold and Precious Metals by 128.4% during the second quarter. Osaic Holdings Inc. now owns 18,728 shares of the investment management company’s stock valued at $591,000 after buying an additional 10,528 shares during the period. Finally, Savant Capital LLC acquired a new position in ASA Gold and Precious Metals during the third quarter valued at $220,000.

About ASA Gold and Precious Metals

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.