Saba Capital Management, L.P. Buys 4,620 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

Key Points

• Saba Capital Management, L.P. purchased 4,620 shares of ASA Gold and Precious Metals at an average price of $35.97 per share, increasing their ownership by 0.11% to a total of approximately $146.67 million.
• In addition to the recent purchase, Saba Capital Management executed multiple transactions between August 8th and August 22nd, acquiring a total of nearly 513,000 shares during this period.
• The stock of ASA Gold and Precious Metals experienced a 2.1% increase in value, reaching $36.68 as of Monday's trading session.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 4,620 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $35.97 per share, with a total value of $166,181.40. Following the transaction, the insider owned 4,077,634 shares in the company, valued at $146,672,494.98. The trade was a 0.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Monday, August 25th, Saba Capital Management, L.P. purchased 7,520 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $36.51 per share, with a total value of $274,555.20.
• 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 purchased at an average cost of $33.99 per share, with a total value of $337,962.57.
• On Monday, August 18th, Saba Capital Management, L.P. acquired 1,600 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.46 per share, with a total value of $55,136.00.
• On Friday, August 15th, Saba Capital Management, L.P. acquired 10,000 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $34.53 per share, with a total value of $345,300.00.
• On Thursday, August 14th, Saba Capital Management, L.P. purchased 8,310 shares of ASA Gold and Precious Metals stock. The shares were purchased 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 shares were bought at an average price of $35.11 per share, for a total transaction 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 stock was purchased 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. bought 327,900 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $35.00 per share, for a total transaction 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 bought at an average cost of $35.22 per share, with a total value of $1,260,065.94.

ASA Gold and Precious Metals Trading Up 2.7%

Shares of ASA traded up $0.99 during trading hours on Friday, hitting $37.71. 90,860 shares of the stock traded hands, compared to its average volume of 129,250. The business has a fifty day moving average of $33.42 and a 200-day moving average of $30.51. ASA Gold and Precious Metals Limited has a 1-year low of $18.51 and a 1-year high of $37.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Walleye Capital LLC increased its stake in ASA Gold and Precious Metals by 1.4% in the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company's stock valued at $785,000 after buying an additional 341 shares during the last quarter. NBC Securities Inc. increased 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 purchasing an additional 1,286 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of ASA Gold and Precious Metals by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company's stock valued at $1,179,000 after purchasing an additional 1,500 shares during the period. JPMorgan Chase & Co. acquired a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at about $61,000. Finally, Atria Wealth Solutions Inc. grew its holdings in ASA Gold and Precious Metals by 30.1% during the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company's stock worth $320,000 after purchasing an additional 2,350 shares during the period.

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.