Saba Capital Management, L.P. Purchases 96,286 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

Key Points

• Saba Capital Management, L.P. acquired 96,286 shares of ASA Gold and Precious Metals at an average price of $40.40 per share, increasing its total holdings to 4,407,181 shares valued at approximately $178 million.
• The recent stock trading activity indicates a consistent investment trend by Saba Capital, with multiple acquisitions occurring within a week, raising their position significantly.
• ASA Gold and Precious Metals stock has seen a trading volume of 254,961 shares, with a current price of $41.50, despite lows of $19.37 and highs of $41.89 in the past twelve months.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 96,286 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average price of $40.40 per share, with a total value of $3,889,954.40. Following the acquisition, the insider owned 4,407,181 shares of the company's stock, valued at approximately $178,050,112.40. This trade represents a 2.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, September 12th, Saba Capital Management, L.P. acquired 109,206 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $40.91 per share, with a total value of $4,467,617.46.
• On Wednesday, September 10th, Saba Capital Management, L.P. acquired 19,126 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $40.34 per share, with a total value of $771,542.84.
• On Tuesday, September 9th, Saba Capital Management, L.P. acquired 31,225 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $40.06 per share, with a total value of $1,250,873.50.
• On Monday, September 8th, Saba Capital Management, L.P. acquired 24,510 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $40.50 per share, with a total value of $992,655.00.
• On Wednesday, September 3rd, Saba Capital Management, L.P. acquired 30,460 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $38.88 per share, with a total value of $1,184,284.80.
• On Tuesday, September 2nd, Saba Capital Management, L.P. purchased 70,108 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $38.64 per share, with a total value of $2,708,973.12.
• On Monday, August 25th, Saba Capital Management, L.P. purchased 7,520 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $36.51 per share, with a total value of $274,555.20.
• On Friday, August 22nd, Saba Capital Management, L.P. purchased 4,620 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $35.97 per share, with a total value of $166,181.40.
• On Thursday, August 21st, Saba Capital Management, L.P. purchased 610 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $35.05 per share, with a total value of $21,380.50.
• On Tuesday, August 19th, Saba Capital Management, L.P. purchased 9,943 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $33.99 per share, with a total value of $337,962.57.

ASA Gold and Precious Metals Stock Down 0.0%

Shares of ASA Gold and Precious Metals stock traded down $0.01 on Monday, hitting $41.50. The company had a trading volume of 254,961 shares, compared to its average volume of 149,249. ASA Gold and Precious Metals Limited has a twelve month low of $19.37 and a twelve month high of $41.89. The stock has a 50-day moving average of $35.13 and a 200-day moving average of $31.69.

Institutional Trading of ASA Gold and Precious Metals

Institutional investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC bought a new stake in shares of ASA Gold and Precious Metals in the first quarter worth $220,000. Atria Wealth Solutions Inc. bought a new stake in shares of ASA Gold and Precious Metals in the first quarter worth $235,000. Cetera Investment Advisers lifted 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 worth $5,692,000 after purchasing an additional 130,547 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of ASA Gold and Precious Metals by 57.7% in the first quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company's stock worth $2,473,000 after purchasing an additional 30,024 shares in the last quarter. Finally, Sessa Capital IM L.P. lifted 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 worth $31,647,000 after purchasing an additional 378,327 shares in the last quarter.

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.

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