ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 8,310 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 8,310 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $33.89 per share, with a total value of $281,625.90. Following the completion of the acquisition, the insider directly owned 4,050,861 shares in the company, valued at approximately $137,283,679.29. This trade represents a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, August 18th, Saba Capital Management, L.P. bought 1,600 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.46 per share, with a total value of $55,136.00.
• On Friday, August 15th, Saba Capital Management, L.P. bought 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 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.
• On Tuesday, August 12th, Saba Capital Management, L.P. bought 354,169 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $35.39 per share, with a total value of $12,534,040.91.
• On Monday, August 11th, Saba Capital Management, L.P. bought 327,900 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $35.00 per share, with a total value of $11,476,500.00.
• On Friday, August 8th, Saba Capital Management, L.P. bought 35,777 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $35.22 per share, with a total value of $1,260,065.94.
• On Thursday, August 7th, Saba Capital Management, L.P. purchased 69,032 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $34.73 per share, with a total value of $2,397,481.36.

ASA Gold and Precious Metals Price Performance

ASA opened at $34.4180 on Thursday. ASA Gold and Precious Metals Limited has a 12 month low of $18.51 and a 12 month high of $35.60. The stock has a fifty day moving average price of $32.97 and a 200-day moving average price of $29.95.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NBC Securities Inc. raised its position in shares of ASA Gold and Precious Metals by 128,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company’s stock worth $38,000 after acquiring an additional 1,286 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals in the 2nd quarter worth $61,000. Wealthcare Advisory Partners LLC bought a new position in shares of ASA Gold and Precious Metals in the 1st quarter worth $220,000. Fruth Investment Management bought a new position in shares of ASA Gold and Precious Metals in the 1st quarter worth $226,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of ASA Gold and Precious Metals by 143.4% in the 2nd 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 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.