U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Trading Up 1.6% – Time to Buy?

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU)’s share price shot up 1.6% on Thursday . The stock traded as high as $42.70 and last traded at $42.09. 18,951 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 42,658 shares. The stock had previously closed at $41.41.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Up 1.6%

The company’s 50-day moving average is $46.83 and its 200 day moving average is $44.66. The firm has a market cap of $186.88 million, a PE ratio of 22.28 and a beta of 0.77.

Institutional Investors Weigh In On U.S. Global GO GOLD and Precious Metal Miners ETF

An institutional investor recently raised its position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC grew its stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,792 shares of the company’s stock after acquiring an additional 1,077 shares during the period. U.S. Global GO GOLD and Precious Metal Miners ETF accounts for 0.8% of Principia Wealth Advisory LLC’s investment portfolio, making the stock its 16th biggest holding. Principia Wealth Advisory LLC owned 1.55% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,928,000 as of its most recent filing with the Securities & Exchange Commission.

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

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.