U.S. Global Investors (NASDAQ:GROW) Stock Price Crosses Above Two Hundred Day Moving Average of $1.35

U.S. Global Investors, Inc. (NASDAQ:GROW) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.35 and traded as high as $2.13. U.S. Global Investors shares last traded at $2.11, with a volume of 40,546 shares trading hands.

The stock’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $1.35.

The firm also recently announced a monthly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be paid a $0.0025 dividend. The ex-dividend date is Friday, August 9th. This is a boost from U.S. Global Investors’s previous monthly dividend of $0.00. This represents a $0.03 dividend on an annualized basis and a yield of 1.36%.

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in U.S. Global Investors during the second quarter worth $31,000. Balter Liquid Alternatives LLC bought a new stake in shares of U.S. Global Investors in the 2nd quarter valued at about $64,000. Vanguard Group Inc. increased its stake in shares of U.S. Global Investors by 23.4% in the 2nd quarter. Vanguard Group Inc. now owns 243,733 shares of the asset manager’s stock valued at $441,000 after acquiring an additional 46,282 shares during the last quarter. Toroso Investments LLC increased its stake in shares of U.S. Global Investors by 6.2% in the 2nd quarter. Toroso Investments LLC now owns 272,826 shares of the asset manager’s stock valued at $493,000 after acquiring an additional 15,902 shares during the last quarter. Finally, Perritt Capital Management Inc. increased its stake in U.S. Global Investors by 6.2% during the 2nd quarter. Perritt Capital Management Inc. now owns 740,000 shares of the asset manager’s stock worth $1,339,000 after purchasing an additional 43,178 shares in the last quarter. 21.72% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Global Investors (NASDAQ:GROW)

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.

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