ASA Gold and Precious Metals Limited (NYSE:ASA) Major Shareholder Acquires $1,260,065.94 in Stock

Key Points

• Saba Capital Management, L.P., a major shareholder of ASA Gold and Precious Metals Limited, recently acquired 35,777 shares at $35.22 per share for a total of approximately $1.26 million, increasing their ownership by 1.08%.
• The stock is currently priced at $35.04, having experienced a trading volume significantly higher than its average, as it approaches its fifty-two week high of $35.60.
• Several hedge funds have increased their stakes in ASA Gold and Precious Metals, with NBC Securities Inc. notably enhancing its shareholding by 128,600% in the first quarter.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 35,777 shares of the business's stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $35.22 per share, with a total value of $1,260,065.94. Following the purchase, the insider owned 3,358,646 shares of the company's stock, valued at approximately $118,291,512.12. The trade was a 1.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, August 7th, Saba Capital Management, L.P. purchased 69,032 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.73 per share, with a total value of $2,397,481.36.

ASA Gold and Precious Metals Stock Performance

ASA stock traded down $0.09 during trading hours on Monday, reaching $35.04. The stock had a trading volume of 266,781 shares, compared to its average volume of 70,320. The stock has a 50-day simple moving average of $32.82 and a 200 day simple moving average of $29.39. ASA Gold and Precious Metals Limited has a fifty-two week low of $17.64 and a fifty-two week high of $35.60.

Institutional Trading of ASA Gold and Precious Metals

Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. lifted its stake in shares of ASA Gold and Precious Metals by 128,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company's stock worth $38,000 after buying an additional 1,286 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its stake in shares of ASA Gold and Precious Metals by 47.5% during the 4th quarter. LaSalle St. Investment Advisors LLC now owns 2,014 shares of the investment management company's stock worth $41,000 after buying an additional 649 shares during the last quarter. Covestor Ltd lifted its stake in shares of ASA Gold and Precious Metals by 17.2% during the 4th quarter. Covestor Ltd now owns 4,825 shares of the investment management company's stock worth $98,000 after buying an additional 707 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth about $231,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 1st quarter worth about $220,000.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.

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