ASA Gold and Precious Metals Limited $ASA Shares Acquired by Walleye Capital LLC

Key Points

• Walleye Capital LLC increased its stake in ASA Gold and Precious Metals Limited by 43.4%, owning 24,530 shares worth approximately $739,000 as of its latest SEC filing.
• Significant activity was noted among other institutional investors, including Capstone Investment Advisors LLC, which expanded its holdings by 634.3% during the same quarter, totaling 266,221 shares.
• Insider trading was highlighted, particularly with major shareholder Saba Capital Management purchasing 354,169 shares for over $12.5 million, increasing their ownership by 9.61%.

Walleye Capital LLC raised its stake in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 43.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,530 shares of the investment management company's stock after acquiring an additional 7,419 shares during the period. Walleye Capital LLC owned 0.11% of ASA Gold and Precious Metals worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. NBC Securities Inc. boosted its stake 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 during the period. Cetera Investment Advisers boosted its stake in ASA Gold and Precious Metals by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company's stock valued at $1,179,000 after acquiring an additional 1,500 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in ASA Gold and Precious Metals by 3.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company's stock valued at $3,504,000 after acquiring an additional 3,345 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in ASA Gold and Precious Metals in the first quarter valued at approximately $220,000. Finally, Atria Wealth Solutions Inc. acquired a new position in ASA Gold and Precious Metals in the first quarter valued at approximately $235,000.

ASA Gold and Precious Metals Stock Performance

ASA stock traded down $0.35 during midday trading on Thursday, reaching $38.48. The company had a trading volume of 138,034 shares, compared to its average volume of 78,626. The stock has a 50 day moving average price of $33.80 and a 200 day moving average price of $30.76. ASA Gold and Precious Metals Limited has a fifty-two week low of $18.62 and a fifty-two week high of $39.20.

Insider Activity

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. acquired 354,169 shares of ASA Gold and Precious Metals stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $35.39 per share, for a total transaction of $12,534,040.91. Following the completion of the transaction, the insider owned 4,040,715 shares in the company, valued at approximately $143,000,903.85. This represents a 9.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased 931,885 shares of company stock worth $33,107,950 in the last three months. Insiders own 0.29% of the company's stock.

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.