Matrix Trust Co Decreases Holdings in ASA Gold and Precious Metals Limited $ASA

Key Points

• Matrix Trust Co has reduced its stake in ASA Gold and Precious Metals Limited by 33.0%, now holding 32,080 shares valued at approximately $1,013,000.
• Major shareholder Saba Capital Management, L.P. acquired 9,200 additional shares at $40.64 each, increasing their total holdings to 4,650,898 shares valued at about $189 million.
• ASA Gold and Precious Metals announced a $0.03 dividend to be paid on November 19th, representing a 14.0% yield.

Matrix Trust Co reduced its position in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 33.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,080 shares of the investment management company's stock after selling 15,819 shares during the quarter. Matrix Trust Co owned about 0.15% of ASA Gold and Precious Metals worth $1,013,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. boosted its position in shares of 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 during the period. Wealthcare Advisory Partners LLC bought a new stake in ASA Gold and Precious Metals during the first quarter valued at approximately $220,000. Fruth Investment Management bought a new stake in ASA Gold and Precious Metals during the first quarter valued at approximately $226,000. Wealth Enhancement Advisory Services LLC bought a new stake in ASA Gold and Precious Metals during the second quarter valued at approximately $231,000. Finally, Atria Wealth Solutions Inc. bought a new stake in ASA Gold and Precious Metals during the first quarter valued at approximately $235,000.

Insider Activity at ASA Gold and Precious Metals

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. purchased 354,169 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $35.39 per share, with a total value of $12,534,040.91. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 1,346,749 shares of company stock worth $50,049,655 over the last quarter. Company insiders own 0.29% of the company's stock.

ASA Gold and Precious Metals Trading Up 0.5%

ASA Gold and Precious Metals stock traded up $0.20 during mid-day trading on Tuesday, hitting $43.70. 152,491 shares of the company traded hands, compared to its average volume of 87,489. ASA Gold and Precious Metals Limited has a one year low of $19.37 and a one year high of $44.63. The stock has a fifty day moving average price of $36.09 and a 200-day moving average price of $32.26.

ASA Gold and Precious Metals Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be paid 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%.

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.