ASA Gold and Precious Metals Limited (NYSE:ASA) Major Shareholder Purchases $281,625.90 in Stock

Key Points

• Saba Capital Management, L.P. purchased 8,310 shares of ASA Gold and Precious Metals stock for a total of $281,625.90, raising their ownership to 4,050,861 shares, which is a 0.21% increase.
• In total, Saba Capital Management made several large transactions, acquiring over 500,000 shares of ASA Gold and Precious Metals within a week, significantly increasing their position in the company.
• As of now, ASA Gold and Precious Metals stock is trading at approximately $34.28, down $0.26 from the previous day, with a twelve-month price range between $18.51 and $35.60.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 8,310 shares of ASA Gold and Precious Metals stock in a transaction on Thursday, August 14th. The shares were acquired at an average price of $33.89 per share, for a total transaction of $281,625.90. Following the completion of the acquisition, the insider owned 4,050,861 shares in the company, valued at $137,283,679.29. This represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, August 15th, Saba Capital Management, L.P. bought 10,000 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $34.53 per share, for a total transaction of $345,300.00.
• On Wednesday, August 13th, Saba Capital Management, L.P. acquired 1,836 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $35.11 per share, with a total value of $64,461.96.
• On Tuesday, August 12th, Saba Capital Management, L.P. bought 354,169 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $35.39 per share, with a total value of $12,534,040.91.
• On Monday, August 11th, Saba Capital Management, L.P. bought 327,900 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $35.00 per share, with a total value of $11,476,500.00.
• On Friday, August 8th, Saba Capital Management, L.P. bought 35,777 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $35.22 per share, with a total value of $1,260,065.94.
• On Thursday, August 7th, Saba Capital Management, L.P. bought 69,032 shares of ASA Gold and Precious Metals stock. The shares were 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

Shares of ASA stock traded down $0.26 on Monday, reaching $34.28. 11,855 shares of the stock were exchanged, compared to its average volume of 74,982. The business's 50 day moving average price is $32.91 and its 200 day moving average price is $29.81. ASA Gold and Precious Metals Limited has a twelve month low of $18.51 and a twelve month high of $35.60.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the company. Wealthcare Advisory Partners LLC purchased a new position in shares of ASA Gold and Precious Metals in the 1st quarter valued at $220,000. Private Advisor Group LLC grew its position in shares of ASA Gold and Precious Metals by 57.7% in the 1st quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company's stock valued at $2,473,000 after buying an additional 30,024 shares during the last quarter. Cetera Investment Advisers grew its position in shares of ASA Gold and Precious Metals by 223.9% in the 1st quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company's stock valued at $5,692,000 after buying an additional 130,547 shares during the last quarter. Matrix Trust Co grew its position in shares of ASA Gold and Precious Metals by 36.9% in the 1st quarter. Matrix Trust Co now owns 47,899 shares of the investment management company's stock valued at $1,444,000 after buying an additional 12,911 shares during the last quarter. Finally, Sessa Capital IM L.P. grew its position in shares of ASA Gold and Precious Metals by 22.1% in the 4th quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company's stock valued at $13,581,000 after buying an additional 121,673 shares during the last quarter.

About ASA Gold and Precious Metals

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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