ASA Gold and Precious Metals Limited $ASA Stock Holdings Lifted by Noble Wealth Management PBC

Noble Wealth Management PBC raised its position in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 61.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,354 shares of the investment management company’s stock after purchasing an additional 27,987 shares during the quarter. ASA Gold and Precious Metals accounts for approximately 2.2% of Noble Wealth Management PBC’s holdings, making the stock its 7th biggest position. Noble Wealth Management PBC owned about 0.39% of ASA Gold and Precious Metals worth $4,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ASA. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth approximately $55,000. JPMorgan Chase & Co. purchased a new stake in ASA Gold and Precious Metals during the second quarter valued at approximately $61,000. Savant Capital LLC purchased a new stake in ASA Gold and Precious Metals during the third quarter valued at approximately $220,000. HB Wealth Management LLC bought a new position in ASA Gold and Precious Metals in the third quarter worth approximately $295,000. Finally, Steward Partners Investment Advisory LLC raised its position in ASA Gold and Precious Metals by 143.4% in 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock opened at $56.74 on Friday. The firm has a 50 day moving average of $69.79 and a 200 day moving average of $56.45. ASA Gold and Precious Metals Limited has a 12-month low of $24.00 and a 12-month high of $83.20.

Insider Buying and Selling at ASA Gold and Precious Metals

In other news, major shareholder Saba Capital Management, L.P. acquired 83,533 shares of ASA Gold and Precious Metals stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $69.69 per share, with a total value of $5,821,414.77. Following the completion of the purchase, the insider directly owned 5,853,141 shares in the company, valued at approximately $407,905,396.29. This trade represents a 1.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 544,568 shares of company stock valued at $37,416,824 in the last three months. Corporate insiders own 1.69% of the company’s stock.

ASA Gold and Precious Metals Company 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.