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 trading on Friday . The stock traded as low as $38.30 and last traded at $38.38. 83,710 shares were traded during 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 company has a market capitalization of $170.41 million, a price-to-earnings ratio of 22.28 and a beta of 0.65. The company has a 50 day simple moving average of $44.03 and a 200 day simple moving average of $45.42.

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

An institutional investor recently bought a new position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC purchased a new position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned about 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF at the end of the most recent reporting period.

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.