ASA Gold and Precious Metals Limited $ASA Holdings Lowered by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio has reduced its holdings in ASA Gold and Precious Metals Limited by 2.9%, now owning approximately 2.20% of the company valued at about $14.98 million.
• The company recently announced a semi-annual dividend of $0.03 per share, scheduled to be paid on November 19th, which represents a substantial 14.0% dividend yield.
• Major shareholder Saba Capital Management increased its position by 9.61%, acquiring 354,169 shares at an average price of $35.39 per share, ensuring significant insider ownership in the company.

Public Employees Retirement System of Ohio reduced its holdings in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 474,599 shares of the investment management company's stock after selling 14,140 shares during the period. Public Employees Retirement System of Ohio owned about 2.20% of ASA Gold and Precious Metals worth $14,983,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 1st quarter worth about $220,000. Atria Wealth Solutions Inc. purchased a new stake in shares of ASA Gold and Precious Metals during the 1st quarter worth about $235,000. Private Advisor Group LLC raised its stake in shares of 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 purchasing an additional 30,024 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of 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 purchasing an additional 130,547 shares in the last quarter. Finally, Matrix Trust Co raised its stake in shares of 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 purchasing an additional 12,911 shares in the last quarter.

ASA Gold and Precious Metals Price Performance

Shares of NYSE ASA opened at $44.43 on Friday. The business's 50-day simple moving average is $36.98 and its 200-day simple moving average is $32.68. ASA Gold and Precious Metals Limited has a 52 week low of $19.37 and a 52 week high of $44.64.

ASA Gold and Precious Metals Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a dividend yield of 14.0%.

Insider Activity at ASA Gold and Precious Metals

In related news, major shareholder Saba Capital Management, L.P. acquired 354,169 shares of the stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $35.39 per share, with a total value of $12,534,040.91. Following the acquisition, the insider owned 4,040,715 shares in the company, valued at approximately $143,000,903.85. The trade was a 9.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 1,352,528 shares of company stock worth $50,291,102. Corporate insiders own 0.29% of the company's stock.

ASA Gold and Precious Metals 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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