ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 24,510 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 24,510 shares of the stock in a transaction on Monday, September 8th. The stock was acquired at an average price of $40.50 per share, for a total transaction of $992,655.00. Following the completion of the purchase, the insider directly owned 4,260,544 shares in the company, valued at approximately $172,552,032. The trade was a 0.58% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 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 Wednesday, September 3rd, Saba Capital Management, L.P. acquired 30,460 shares of ASA Gold and Precious Metals stock. The stock was bought 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. bought 70,108 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $38.64 per share, for a total transaction of $2,708,973.12.
• On Monday, August 25th, Saba Capital Management, L.P. bought 7,520 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $36.51 per share, for a total transaction 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 shares were bought at an average cost 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 shares were bought at an average cost of $35.05 per share, for a total transaction of $21,380.50.
• On Tuesday, August 19th, Saba Capital Management, L.P. acquired 9,943 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $33.99 per share, for a total transaction of $337,962.57.
• On Monday, August 18th, Saba Capital Management, L.P. bought 1,600 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $34.46 per share, for a total transaction of $55,136.00.
• On Friday, August 15th, Saba Capital Management, L.P. purchased 10,000 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.53 per share, with a total value of $345,300.00.
• On Thursday, August 14th, Saba Capital Management, L.P. acquired 8,310 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $33.89 per share, for a total transaction of $281,625.90.
• On Wednesday, August 13th, Saba Capital Management, L.P. bought 1,836 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $35.11 per share, with a total value of $64,461.96.

ASA Gold and Precious Metals Trading Down 1.3%

ASA Gold and Precious Metals stock opened at $39.95 on Wednesday. The stock has a 50-day simple moving average of $34.43 and a 200 day simple moving average of $31.19. ASA Gold and Precious Metals Limited has a 52 week low of $18.69 and a 52 week high of $40.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. raised its position in shares of 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 purchasing an additional 1,286 shares during the period. JPMorgan Chase & Co. acquired a new position in ASA Gold and Precious Metals in the 2nd quarter valued at about $61,000. Wealthcare Advisory Partners LLC bought a new position in ASA Gold and Precious Metals in the 1st quarter valued at about $220,000. Fruth Investment Management acquired a new stake in ASA Gold and Precious Metals during the first quarter worth approximately $226,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of ASA Gold and Precious Metals by 143.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after acquiring an additional 4,272 shares during the period.

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.