ASA Gold and Precious Metals Limited (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 10,000 Shares

Key Points

• Saba Capital Management, L.P. increased its stake in ASA Gold and Precious Metals Limited by purchasing an additional 10,000 shares at $34.53 each, bringing their total ownership to over 4 million shares valued at approximately $140.2 million.
• During the past week, Saba Capital Management conducted multiple transactions, acquiring a total of over 400,000 shares of ASA Gold and Precious Metals at various prices around $33 to $35 per share.
• The stock of ASA Gold and Precious Metals recently traded at $34.28, down by 0.7%, with a 52-week 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. purchased 10,000 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Friday, August 15th. The stock was acquired at an average cost of $34.53 per share, with a total value of $345,300.00. Following the acquisition, the insider directly owned 4,060,861 shares of the company's stock, valued at $140,221,530.33. The trade was a 0.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 Thursday, August 14th, Saba Capital Management, L.P. purchased 8,310 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $33.89 per share, with a total value of $281,625.90.
• On Wednesday, August 13th, Saba Capital Management, L.P. purchased 1,836 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. purchased 354,169 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $35.39 per share, with a total value of $12,534,040.91.
• On Monday, August 11th, Saba Capital Management, L.P. purchased 327,900 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $35.00 per share, with a total value of $11,476,500.00.
• On Friday, August 8th, Saba Capital Management, L.P. purchased 35,777 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $35.22 per share, with a total value of $1,260,065.94.
• On Thursday, August 7th, Saba Capital Management, L.P. purchased 69,032 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $34.73 per share, with a total value of $2,397,481.36.

ASA Gold and Precious Metals Trading Down 0.7%

NYSE:ASA traded down $0.26 during trading hours on Monday, reaching $34.28. 11,855 shares of the stock were exchanged, compared to its average volume of 74,982. The firm has a 50 day simple moving average of $32.91 and a 200-day simple moving average of $29.81. ASA Gold and Precious Metals Limited has a 52 week low of $18.51 and a 52 week high of $35.60.

Institutional Inflows and Outflows

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