Wealth Enhancement Advisory Services LLC Takes $231,000 Position in ASA Gold and Precious Metals Limited $ASA

Key Points

• Wealth Enhancement Advisory Services LLC has acquired a new stake valued at approximately $231,000 in ASA Gold and Precious Metals Limited, purchasing 7,179 shares during the second quarter.
• Several institutional investors, including Sessa Capital IM L.P. and Sprott Inc., have also increased their positions in ASA Gold and Precious Metals, showcasing strong interest in the stock.
• ASA Gold and Precious Metals announced a semi-annual dividend yield of 14.0%, with a payment of $0.03 scheduled for November 19th, benefiting shareholders of record on November 12th.

Wealth Enhancement Advisory Services LLC purchased a new stake in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,179 shares of the investment management company's stock, valued at approximately $231,000.

A number of other institutional investors also recently modified their holdings of the company. Sessa Capital IM L.P. raised its position in shares of ASA Gold and Precious Metals by 56.3% in the first 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 purchasing an additional 378,327 shares during the period. Sprott Inc. raised its position in shares of ASA Gold and Precious Metals by 74.9% in the first quarter. Sprott Inc. now owns 280,183 shares of the investment management company's stock valued at $8,445,000 after purchasing an additional 120,000 shares during the period. Cetera Investment Advisers raised its position in shares of ASA Gold and Precious Metals by 223.9% in the first 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. Medici Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $5,238,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of 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 purchasing an additional 3,345 shares during the period.

ASA Gold and Precious Metals Price Performance

Shares of ASA Gold and Precious Metals stock opened at $46.77 on Friday. The company's fifty day moving average price is $39.76 and its two-hundred day moving average price is $33.96. ASA Gold and Precious Metals Limited has a 52-week low of $19.37 and a 52-week high of $49.14.

ASA Gold and Precious Metals Announces Dividend

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 issued a $0.03 dividend. This represents a yield of 14.0%. The ex-dividend date of this dividend is Wednesday, November 12th.

Insider Transactions at ASA Gold and Precious Metals

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. purchased 23,813 shares of the stock in a transaction on Wednesday, October 8th. The shares were purchased at an average price of $48.17 per share, with a total value of $1,147,072.21. Following the acquisition, the insider directly owned 4,727,139 shares of the company's stock, valued at $227,706,285.63. This represents a 0.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 1,422,990 shares of company stock valued at $53,607,353. Insiders own 1.69% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

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.

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