U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Stock Jumps 2.7% – Should You Buy?

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU – Get Free Report) shot up 2.7% during trading on Monday. The company traded as high as $39.51 and last traded at $38.92. 8,551 shares traded hands during trading, a decline of 74% from the average daily volume of 33,365 shares. The stock had previously closed at $37.88.

U.S. Global GO GOLD and Precious Metal Miners ETF Stock Performance

The company has a 50-day simple moving average of $44.79 and a 200-day simple moving average of $44.29. The stock has a market cap of $172.80 million, a P/E ratio of 22.28 and a beta of 0.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principia Wealth Advisory LLC raised its holdings in U.S. Global GO GOLD and Precious Metal Miners ETF by 6.3% during the 2nd quarter. Principia Wealth Advisory LLC now owns 63,636 shares of the company’s stock worth $2,367,000 after buying an additional 3,746 shares during the period. Compass Financial Management LLC lifted its stake in U.S. Global GO GOLD and Precious Metal Miners ETF by 63,938.5% in the third quarter. Compass Financial Management LLC now owns 8,325 shares of the company’s stock valued at $359,000 after buying an additional 8,312 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF in the first quarter valued at approximately $201,000. Finally, North Star Investment Management Corp. acquired a new position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF in the third quarter valued at approximately $43,000.

U.S. Global GO GOLD and Precious Metal Miners ETF Company Profile

(Get Free Report)

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.

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