ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 109,206 Shares

Key Points

• Saba Capital Management, L.P. increased its stake in ASA Gold and Precious Metals by purchasing 109,206 shares for approximately $4.47 million, boosting its total ownership to about 4.52 million shares.
• The latest transaction on September 12th represents a 2.48% increase in Saba Capital Management's position, with total shares valued at over $184.76 million.
• ASA Gold and Precious Metals stock is currently trading at $41.50, with recent trading volume exceeding its average, amid a performance range of $19.37 to $41.89 over the past year.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 109,206 shares of ASA Gold and Precious Metals stock in a transaction dated Friday, September 12th. The stock was purchased at an average price of $40.91 per share, for a total transaction of $4,467,617.46. Following the purchase, the insider directly owned 4,516,387 shares in the company, valued at $184,765,392.17. This represents a 2.48% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, September 11th, Saba Capital Management, L.P. bought 96,286 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $40.40 per share, for a total transaction of $3,889,954.40.
• On Wednesday, September 10th, Saba Capital Management, L.P. bought 19,126 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $40.34 per share, for a total transaction of $771,542.84.
• On Tuesday, September 9th, Saba Capital Management, L.P. bought 31,225 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $40.06 per share, for a total transaction of $1,250,873.50.
• On Monday, September 8th, Saba Capital Management, L.P. bought 24,510 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $40.50 per share, for a total transaction of $992,655.00.
• On Wednesday, September 3rd, Saba Capital Management, L.P. bought 30,460 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $38.88 per share, for a total transaction of $1,184,284.80.
• On Tuesday, September 2nd, Saba Capital Management, L.P. bought 70,108 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $38.64 per share, for a total transaction of $2,708,973.12.
• On Monday, August 25th, Saba Capital Management, L.P. bought 7,520 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $36.51 per share, for a total transaction of $274,555.20.
• On Friday, August 22nd, Saba Capital Management, L.P. bought 4,620 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $35.97 per share, for a total transaction of $166,181.40.
• On Thursday, August 21st, Saba Capital Management, L.P. purchased 610 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $35.05 per share, for a total transaction of $21,380.50.
• On Tuesday, August 19th, Saba Capital Management, L.P. purchased 9,943 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $33.99 per share, for a total transaction of $337,962.57.

ASA Gold and Precious Metals Stock Down 0.0%

NYSE ASA traded down $0.01 on Monday, hitting $41.50. 254,961 shares of the company were exchanged, compared to its average volume of 149,249. The firm has a 50 day moving average of $35.13 and a two-hundred day moving average of $31.69. ASA Gold and Precious Metals Limited has a 1-year low of $19.37 and a 1-year high of $41.89.

Institutional Trading of ASA Gold and Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASA. Cetera Investment Advisers raised its holdings in ASA Gold and Precious Metals by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company's stock worth $1,179,000 after purchasing an additional 1,500 shares during the last quarter. NBC Securities Inc. raised its holdings in 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 purchasing an additional 1,286 shares during the last quarter. Matrix Trust Co increased its stake 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 acquiring an additional 12,911 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of ASA Gold and Precious Metals in the 1st quarter valued at about $220,000. Finally, Private Advisor Group LLC increased its stake 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 acquiring an additional 30,024 shares during the last quarter.

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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