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

Shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) traded up 2.7% 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 session volume of 33,365 shares. The stock had previously closed at $37.88.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Up 8.0%

The firm has a market cap of $182.97 million, a PE ratio of 22.28 and a beta of 0.70. The company has a 50 day moving average price of $44.34 and a 200 day moving average price of $44.21.

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

A number of institutional investors have recently made changes to their positions in GOAU. Compass Financial Management LLC grew its holdings in shares of 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 worth $359,000 after buying an additional 8,312 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF during the 3rd quarter worth approximately $43,000. Principia Wealth Advisory LLC raised its stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF by 6.3% in the 2nd 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. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF in the first quarter worth about $201,000.

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.