ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) announced a dividend on Friday, October 16th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.05 per share by the investment management company on Thursday, November 12th. This represents a yield of 19.0%. The ex-dividend date of this dividend is Thursday, November 5th.
ASA Gold and Precious Metals Stock Performance
ASA Gold and Precious Metals stock opened at $49.41 on Tuesday. ASA Gold and Precious Metals has a 1-year low of $44.00 and a 1-year high of $83.20. The firm’s fifty day simple moving average is $56.90 and its 200-day simple moving average is $61.12.
Hedge Funds Weigh In On ASA Gold and Precious Metals
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. boosted its holdings in shares of ASA Gold and Precious Metals by 9.5% during the 1st quarter. Saba Capital Management L.P. now owns 5,903,701 shares of the investment management company’s stock worth $366,207,000 after buying an additional 511,988 shares during the period. Quantedge Capital Pte Ltd raised its holdings in ASA Gold and Precious Metals by 580.7% in the 1st quarter. Quantedge Capital Pte Ltd now owns 27,547 shares of the investment management company’s stock worth $1,709,000 after acquiring an additional 23,500 shares during the period. Royal Bank of Canada raised its holdings in ASA Gold and Precious Metals by 882.4% in the 1st quarter. Royal Bank of Canada now owns 360,577 shares of the investment management company’s stock worth $22,366,000 after acquiring an additional 323,875 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in ASA Gold and Precious Metals by 1.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 146,593 shares of the investment management company’s stock worth $8,173,000 after acquiring an additional 2,025 shares during the period. Finally, Tidal Investments LLC acquired a new position in ASA Gold and Precious Metals during the 2nd quarter worth $310,000.
About ASA Gold and Precious Metals
ASA Gold and Precious Metals Limited (NYSE:ASA) is a closed-end investment company focused on the precious-metals sector. The company seeks long-term capital appreciation by investing primarily in publicly traded businesses involved in the exploration, development, and production of gold, silver, platinum-group metals, and diamonds.
Rather than operating mines or selling physical metals, ASA provides investors with portfolio exposure to companies across the precious-metals industry. Its investments may include mining, exploration, and royalty businesses located in established and emerging mining regions around the world.
The company traces its origins to 1958 and has historically operated as a specialist investment vehicle for precious-metals equities.
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