U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $44.11 and traded as high as $45.27. U.S. Global GO GOLD and Precious Metal Miners ETF shares last traded at $44.97, with a volume of 26,346 shares trading hands.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Up 4.7%

The company has a market cap of $199.67 million, a price-to-earnings ratio of 22.28 and a beta of 0.70. The business has a fifty day moving average price of $43.94 and a two-hundred day moving average price of $44.11.

Institutional Trading of U.S. Global GO GOLD and Precious Metal Miners ETF

A number of hedge funds have recently bought and sold shares of GOAU. North Star Investment Management Corp. bought a new stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF in the third quarter valued at about $43,000. Beaumont Financial Advisors LLC acquired a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF during the first quarter worth about $201,000. Compass Financial Management LLC increased its stake in U.S. Global GO GOLD and Precious Metal Miners ETF by 63,938.5% during the third quarter. Compass Financial Management LLC now owns 8,325 shares of the company’s stock valued at $359,000 after acquiring an additional 8,312 shares during the period. Finally, Principia Wealth Advisory LLC increased its stake in U.S. Global GO GOLD and Precious Metal Miners ETF by 6.3% during the second quarter. Principia Wealth Advisory LLC now owns 63,636 shares of the company’s stock valued at $2,367,000 after acquiring an additional 3,746 shares during the 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.