U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Stock Price Down 8.3% – Should You Sell?

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU)’s stock price fell 8.3% during mid-day trading on Friday . The company traded as low as $38.30 and last traded at $38.38. 83,710 shares changed hands during mid-day trading, an increase of 108% from the average session volume of 40,331 shares. The stock had previously closed at $41.84.

U.S. Global GO GOLD and Precious Metal Miners ETF Stock Down 8.3%

The firm has a market cap of $170.41 million, a price-to-earnings ratio of 22.28 and a beta of 0.65. The stock has a fifty day moving average price of $44.03 and a 200-day moving average price of $45.42.

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

A hedge fund recently bought a new stake 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) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned approximately 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF as of its most recent SEC filing.

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.