Raymond James Financial Inc. Lowers Stock Position in 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. cut its stake in shares of ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 12.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 543,498 shares of the investment management company's stock after selling 74,291 shares during the period. 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 quarter.

A number of other large investors have also modified their holdings of the business. Sessa Capital IM L.P. grew its holdings in shares of ASA Gold and Precious Metals by 22.1% during the fourth quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company's stock worth $13,581,000 after buying an additional 121,673 shares in the last quarter. Capstone Investment Advisors LLC grew its holdings in shares of ASA Gold and Precious Metals by 634.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company's stock worth $5,383,000 after buying an additional 229,968 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of ASA Gold and Precious Metals by 223.9% during the first quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company's stock worth $5,692,000 after buying an additional 130,547 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of ASA Gold and Precious Metals by 3.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company's stock worth $3,504,000 after buying an additional 3,345 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of ASA Gold and Precious Metals by 57.7% during the first quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company's stock worth $2,473,000 after buying an additional 30,024 shares in the last quarter.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 7,520 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average price of $36.51 per share, with a total value of $274,555.20. Following the completion of the acquisition, the insider owned 4,085,154 shares of the company's stock, valued at $149,148,972.54. This trade represents a 0.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have acquired a total of 831,317 shares of company stock worth $29,214,692 over the last ninety days. 0.29% of the stock is owned by corporate insiders.

ASA Gold and Precious Metals Price Performance

Shares of ASA Gold and Precious Metals stock traded up $0.26 during trading hours on Wednesday, reaching $38.80. 155,307 shares of the company's stock were exchanged, compared to its average volume of 130,394. ASA Gold and Precious Metals Limited has a 1 year low of $18.51 and a 1 year high of $39.20. The business has a fifty day moving average of $33.80 and a two-hundred day moving average of $30.76.

ASA Gold and Precious Metals Company 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.