Atria Wealth Solutions Inc. Takes $235,000 Position in ASA Gold and Precious Metals Limited $ASA

Key Points

• Atria Wealth Solutions Inc. has acquired a new stake in ASA Gold and Precious Metals Limited, purchasing 7,795 shares valued at approximately $235,000.
• Insider activity includes major shareholder Saba Capital Management acquiring 354,169 shares recently, increasing their position by 9.61%.
• ASA Gold and Precious Metals stock has shown a 1.8% increase, trading at $34.39, with a fifty-two week range from $18.51 to $35.60.

Atria Wealth Solutions Inc. bought a new stake in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,795 shares of the investment management company's stock, valued at approximately $235,000.

Several other hedge funds have also recently added to or reduced their stakes in ASA. NBC Securities Inc. raised its holdings in ASA Gold and Precious Metals by 128,600.0% in the first quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company's stock valued at $38,000 after acquiring an additional 1,286 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in ASA Gold and Precious Metals during the first quarter worth approximately $220,000. Walleye Capital LLC acquired a new stake in ASA Gold and Precious Metals during the fourth quarter worth approximately $346,000. Integrated Wealth Concepts LLC acquired a new stake in ASA Gold and Precious Metals during the fourth quarter worth approximately $372,000. Finally, Cetera Investment Advisers raised its holdings in ASA Gold and Precious Metals by 2.6% during the fourth 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 in the last quarter.

ASA Gold and Precious Metals Stock Up 2.5%

ASA stock traded up $0.8660 during midday trading on Thursday, reaching $35.0860. 79,031 shares of the company were exchanged, compared to its average volume of 128,827. ASA Gold and Precious Metals Limited has a 1-year low of $18.51 and a 1-year high of $35.60. The stock's 50-day simple moving average is $33.00 and its 200 day simple moving average is $30.03.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 9,943 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $33.99 per share, with a total value of $337,962.57. Following the completion of the acquisition, the insider owned 4,072,404 shares in the company, valued at $138,421,011.96. This trade represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 818,567 shares of company stock worth $28,752,575 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

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.