Raymond James Financial Inc. Sells 74,291 Shares of ASA Gold and Precious Metals Limited $ASA

Key Points

• Raymond James Financial Inc. has reduced its stake in ASA Gold and Precious Metals Limited by 12.0%, now owning approximately 2.53% of the company, valued at around $16.4 million.
• Other institutional investors have increased their holdings, with NBC Securities Inc. raising its stake by an impressive 128,600.0% during the same quarter.
• Major shareholder Saba Capital Management purchased 354,169 shares at an average cost of $35.39 per share, increasing their ownership by 9.61% to a total of over $143 million in value.

Raymond James Financial Inc. trimmed its holdings in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 12.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 543,498 shares of the investment management company's stock after selling 74,291 shares during the quarter. Raymond James Financial Inc. owned about 2.53% of ASA Gold and Precious Metals worth $16,381,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC bought a new stake in ASA Gold and Precious Metals in the 1st quarter worth about $220,000. Atria Wealth Solutions Inc. bought a new stake in ASA Gold and Precious Metals in the 1st quarter worth about $235,000. Cetera Investment Advisers grew 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 valued at $5,692,000 after purchasing an additional 130,547 shares during the period. Private Advisor Group LLC increased its position 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 purchasing an additional 30,024 shares during the last quarter. Finally, Matrix Trust Co increased its position 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 purchasing an additional 12,911 shares during the last quarter.

ASA Gold and Precious Metals Stock Performance

NYSE ASA traded up $0.99 during trading hours on Friday, hitting $37.71. 90,860 shares of the company's stock traded hands, compared to its average volume of 132,242. The business's fifty day moving average price is $33.42 and its two-hundred day moving average price is $30.57. ASA Gold and Precious Metals Limited has a 52 week low of $18.51 and a 52 week high of $37.91.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 7,520 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were bought at an average cost of $36.51 per share, with a total value of $274,555.20. Following the acquisition, the insider owned 4,085,154 shares in the company, valued at $149,148,972.54. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 831,317 shares of company stock worth $29,214,692. 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.