ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 19,126 Shares

Key Points

• Saba Capital Management, L.P. purchased 19,126 shares of ASA Gold and Precious Metals at an average price of $40.34, increasing their stake by 0.45% to a total of approximately $173.9 million.
• In recent weeks, Saba Capital Management has been actively acquiring shares, including a notable purchase of 31,225 shares at $40.06 per share just a day before the latest acquisition.
• ASA Gold and Precious Metals stock is currently trading at around $40.51, with a fifty-two week range between $19.25 and $40.97.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 19,126 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were purchased at an average cost of $40.34 per share, with a total value of $771,542.84. Following the completion of the transaction, the insider owned 4,310,895 shares of the company's stock, valued at approximately $173,901,504.30. The trade was a 0.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Tuesday, September 9th, Saba Capital Management, L.P. acquired 31,225 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $40.06 per share, with a total value of $1,250,873.50.
• On Monday, September 8th, Saba Capital Management, L.P. acquired 24,510 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $40.50 per share, with a total value of $992,655.00.
• On Wednesday, September 3rd, Saba Capital Management, L.P. acquired 30,460 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $38.88 per share, with a total value of $1,184,284.80.
• On Tuesday, September 2nd, Saba Capital Management, L.P. acquired 70,108 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $38.64 per share, with a total value of $2,708,973.12.
• On Monday, August 25th, Saba Capital Management, L.P. acquired 7,520 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $36.51 per share, with a total value of $274,555.20.
• On Friday, August 22nd, Saba Capital Management, L.P. acquired 4,620 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $35.97 per share, with a total value of $166,181.40.
• On Thursday, August 21st, Saba Capital Management, L.P. acquired 610 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $35.05 per share, with a total value of $21,380.50.
• On Tuesday, August 19th, Saba Capital Management, L.P. acquired 9,943 shares of ASA Gold and Precious Metals stock. The stock was bought 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 bought at an average cost of $34.46 per share, with a total value of $55,136.00.
• On Friday, August 15th, Saba Capital Management, L.P. purchased 10,000 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $34.53 per share, for a total transaction of $345,300.00.

ASA Gold and Precious Metals Price Performance

NYSE:ASA traded up $0.24 during midday trading on Thursday, hitting $40.51. The company's stock had a trading volume of 163,638 shares, compared to its average volume of 82,899. ASA Gold and Precious Metals Limited has a fifty-two week low of $19.25 and a fifty-two week high of $40.97. The firm's 50 day moving average is $34.60 and its 200-day moving average is $31.25.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC acquired a new position in ASA Gold and Precious Metals in the 1st quarter worth approximately $220,000. Atria Wealth Solutions Inc. acquired a new position in ASA Gold and Precious Metals in the 1st quarter worth approximately $235,000. Cetera Investment Advisers increased its holdings in 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 worth $5,692,000 after buying an additional 130,547 shares during the period. Private Advisor Group LLC increased its holdings in 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 worth $2,473,000 after buying an additional 30,024 shares during the period. Finally, Matrix Trust Co increased its holdings in 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 worth $1,444,000 after buying an additional 12,911 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.

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