Blue Bell Private Wealth Management LLC Raises Position in ASA Gold and Precious Metals Limited $ASA

Blue Bell Private Wealth Management LLC grew its holdings in ASA Gold and Precious Metals Limited (NYSE:ASA) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,355 shares of the investment management company’s stock after acquiring an additional 11,808 shares during the period. ASA Gold and Precious Metals comprises approximately 1.0% of Blue Bell Private Wealth Management LLC’s portfolio, making the stock its 17th largest position. Blue Bell Private Wealth Management LLC owned 0.73% of ASA Gold and Precious Metals worth $6,337,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Fruth Investment Management purchased a new position in ASA Gold and Precious Metals in the first quarter valued at $226,000. Medici Capital LLC acquired a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at about $5,238,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $231,000. Atria Wealth Solutions Inc. grew its position in shares of ASA Gold and Precious Metals by 30.1% during the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after buying an additional 2,350 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of ASA Gold and Precious Metals during the second quarter worth about $1,213,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ASA Gold and Precious Metals presently has an average rating of “Buy”.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock opened at $60.45 on Tuesday. ASA Gold and Precious Metals Limited has a fifty-two week low of $20.63 and a fifty-two week high of $63.02. The stock has a 50-day simple moving average of $52.80 and a 200-day simple moving average of $43.37.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 40,943 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was acquired at an average cost of $47.39 per share, with a total value of $1,940,288.77. Following the completion of the acquisition, the insider owned 4,768,082 shares of the company’s stock, valued at $225,959,405.98. The trade was a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 603,156 shares of company stock worth $29,746,118 over the last quarter. Insiders own 1.69% of the company’s stock.

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.