U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Trading Up 3.3% – Still a Buy?

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU)’s share price rose 3.3% during mid-day trading on Friday . The company traded as high as $38.84 and last traded at $38.47. 18,383 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 41,034 shares. The stock had previously closed at $37.25.

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

The firm has a market cap of $170.81 million, a P/E ratio of 22.28 and a beta of 0.65. The firm’s 50-day moving average price is $42.12 and its 200 day moving average price is $45.33.

Institutional Inflows and Outflows

A hedge fund recently raised its position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC grew its position in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,792 shares of the company’s stock after acquiring an additional 1,077 shares during the quarter. U.S. Global GO GOLD and Precious Metal Miners ETF makes up approximately 0.8% of Principia Wealth Advisory LLC’s holdings, making the stock its 16th largest position. Principia Wealth Advisory LLC owned 1.55% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,928,000 at the end of the most recent quarter.

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.