U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Trading Down 8.3% – Here’s What Happened

Shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAUGet Free Report) fell 8.3% during trading on Friday . The company traded as low as $38.30 and last traded at $38.38. 83,710 shares traded hands 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 Trading Down 8.3%

The stock has a market cap of $170.41 million, a P/E ratio of 22.28 and a beta of 0.65. The company’s 50 day moving average price is $44.03 and its two-hundred day moving average price is $45.42.

Hedge Funds Weigh In On 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 bought a new stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAUFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF at the end of the most recent quarter.

About U.S. Global GO GOLD and Precious Metal Miners ETF

(Get Free Report)

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.

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