ASA Gold and Precious Metals (NYSE:ASA) Shares Down 3.6% – Time to Sell?

ASA Gold and Precious Metals Limited (NYSE:ASA) shares fell 3.6% during trading on Wednesday . The stock traded as low as $28.20 and last traded at $28.21. 48,099 shares were traded during trading, a decline of 11% from the average session volume of 53,944 shares. The stock had previously closed at $29.27.

ASA Gold and Precious Metals Price Performance

The stock has a 50-day moving average price of $25.97 and a two-hundred day moving average price of $22.69.

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 issued a $0.03 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend is Monday, May 5th. This is an increase from ASA Gold and Precious Metals’s previous semi-annual dividend of $0.02.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Hedge funds have recently modified their holdings of the stock. Sessa Capital IM L.P. grew its position in ASA Gold and Precious Metals by 22.1% during the 4th quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company’s stock worth $13,581,000 after purchasing an additional 121,673 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth $12,492,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ASA Gold and Precious Metals during the third quarter worth $10,156,000. Capstone Investment Advisors LLC grew its holdings in shares of ASA Gold and Precious Metals by 634.3% during 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 buying an additional 229,968 shares during the last quarter. Finally, Sprott Inc. acquired a new position in shares of ASA Gold and Precious Metals in the 4th 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.