ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $21,380.50 in Stock

Key Points

• Saba Capital Management, L.P. purchased $21,380.50 worth of ASA Gold and Precious Metals stock, acquiring 610 shares at an average price of $35.05 each, increasing their total ownership to over 4 million shares.
• The stock recently traded up 2.1%, reaching a price of $36.6810, with a trading volume of 25,891 shares.
• Multiple institutional investors, including JPMorgan Chase & Co. and Wealth Enhancement Advisory Services LLC, have recently bought shares of ASA Gold and Precious Metals, reflecting growing interest in the company.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 610 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average price of $35.05 per share, for a total transaction of $21,380.50. Following the completion of the transaction, the insider directly owned 4,073,014 shares of the company's stock, valued at $142,759,140.70. This represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% 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 Friday, August 22nd, Saba Capital Management, L.P. purchased 4,620 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $35.97 per share, for a total transaction of $166,181.40.
• On Tuesday, August 19th, Saba Capital Management, L.P. purchased 9,943 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $33.99 per share, for a total transaction of $337,962.57.
• On Monday, August 18th, Saba Capital Management, L.P. bought 1,600 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $34.46 per share, for a total transaction of $55,136.00.
• On Friday, August 15th, Saba Capital Management, L.P. bought 10,000 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $34.53 per share, for a total transaction of $345,300.00.
• On Thursday, August 14th, Saba Capital Management, L.P. bought 8,310 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $33.89 per share, for a total transaction 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 price 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 price 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 price 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 price 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 price of $34.73 per share, with a total value of $2,397,481.36.

ASA Gold and Precious Metals Trading Up 2.1%

NYSE:ASA traded up $0.7410 during trading hours on Monday, reaching $36.6810. The company had a trading volume of 25,891 shares, compared to its average volume of 75,129. The firm's 50 day moving average price is $33.03 and its 200-day moving average price is $30.18. ASA Gold and Precious Metals Limited has a 52 week low of $18.51 and a 52 week high of $36.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NBC Securities Inc. increased its position 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 valued at $38,000 after purchasing an additional 1,286 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in ASA Gold and Precious Metals during the second quarter valued at approximately $61,000. Wealth Enhancement Advisory Services LLC bought a new position in ASA Gold and Precious Metals in the second quarter worth approximately $231,000. Steward Partners Investment Advisory LLC boosted its stake in shares of ASA Gold and Precious Metals by 143.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company's stock worth $229,000 after acquiring an additional 4,272 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at $220,000.

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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