Fruth Investment Management Takes Position in ASA Gold and Precious Metals Limited $ASA

Key Points

• Fruth Investment Management has acquired 7,500 shares of ASA Gold and Precious Metals Limited, valued at approximately $226,000, during the first quarter of the year.
• Other institutional investors, including NBC Securities Inc. and Wealthcare Advisory Partners LLC, have also significantly increased their positions in ASA, reflecting a growing interest in the company.
• The stock opened at $40.77 with a one-year trading range between $19.25 and $40.97, indicating notable volatility and potential for investment.

Fruth Investment Management purchased a new position in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,500 shares of the investment management company's stock, valued at approximately $226,000.

Other hedge funds have also recently made changes to their positions in the company. Sessa Capital IM L.P. boosted its holdings in shares of ASA Gold and Precious Metals by 56.3% during the 1st quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company's stock valued at $31,647,000 after acquiring an additional 378,327 shares during the last quarter. Cetera Investment Advisers grew its position 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 purchasing an additional 130,547 shares during the period. Sprott Inc. raised its stake in ASA Gold and Precious Metals by 74.9% during the 1st quarter. Sprott Inc. now owns 280,183 shares of the investment management company's stock valued at $8,445,000 after buying an additional 120,000 shares during the last quarter. Private Advisor Group LLC lifted its holdings 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 valued at $2,473,000 after buying an additional 30,024 shares during the period. Finally, Matrix Trust Co lifted its holdings 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 valued at $1,444,000 after buying an additional 12,911 shares during the period.

ASA Gold and Precious Metals Stock Up 0.9%

ASA Gold and Precious Metals stock traded up $0.38 during mid-day trading on Wednesday, reaching $41.28. 42,962 shares of the stock traded hands, compared to its average volume of 85,806. ASA Gold and Precious Metals Limited has a 12-month low of $19.37 and a 12-month high of $41.89. The business's 50-day moving average is $35.32 and its 200-day moving average is $31.75.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. bought 354,169 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average cost of $35.39 per share, with a total value of $12,534,040.91. Following the acquisition, the insider owned 4,040,715 shares of the company's stock, valued at $143,000,903.85. The trade was a 9.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 1,212,238 shares of company stock worth $44,480,593. Insiders own 0.29% of the company's stock.

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.