Royal Bank of Canada Buys 323,875 Shares of ASA Gold and Precious Metals Limited $ASA

Royal Bank of Canada increased its position in ASA Gold and Precious Metals Limited (NYSE:ASA) by 882.4% during the first quarter, HoldingsChannel.com reports. The firm owned 360,577 shares of the investment management company’s stock after acquiring an additional 323,875 shares during the quarter. Royal Bank of Canada’s holdings in ASA Gold and Precious Metals were worth $22,366,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC boosted its stake in ASA Gold and Precious Metals by 1.4% during the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 341 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of ASA Gold and Precious Metals in the first quarter worth $31,000. WHI TRUST Co LLC purchased a new position in shares of ASA Gold and Precious Metals in the fourth quarter worth $30,000. Osaic Holdings Inc. lifted its holdings in shares of ASA Gold and Precious Metals by 2.8% during the fourth quarter. Osaic Holdings Inc. now owns 18,637 shares of the investment management company’s stock valued at $1,112,000 after purchasing an additional 507 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of ASA Gold and Precious Metals by 4.4% during the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after purchasing an additional 681 shares in the last quarter.

ASA Gold and Precious Metals Price Performance

ASA stock opened at $54.80 on Thursday. The firm has a fifty day moving average price of $54.44 and a 200 day moving average price of $62.76. ASA Gold and Precious Metals Limited has a fifty-two week low of $32.91 and a fifty-two week high of $83.20.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

ASA Gold and Precious Metals Profile

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.