U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Trading Up 0.6% – Here’s Why

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) rose 0.6% on Thursday . The stock traded as high as $42.20 and last traded at $41.53. 19,078 shares traded hands during trading, a decline of 51% from the average session volume of 38,576 shares. The stock had previously closed at $41.29.

U.S. Global GO GOLD and Precious Metal Miners ETF Stock Up 0.6%

The firm has a 50 day moving average of $38.34 and a two-hundred day moving average of $43.93. The firm has a market capitalization of $184.39 million, a price-to-earnings ratio of 22.28 and a beta of 0.69.

Hedge Funds Weigh In On U.S. Global GO GOLD and Precious Metal Miners ETF

An institutional investor recently bought a new position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC acquired a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF at the end of the most recent reporting period.

About U.S. Global GO GOLD and Precious Metal Miners ETF

The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers. GOAU was launched on Jun 27, 2017 and is managed by US Global.