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ASA Gold and Precious Metals Limited's Recent Stock Activity and Saba Capital's Investment
Financial Modeling Prep· 2026-01-15 21:00
Company Overview - ASA Gold and Precious Metals Limited (NYSE: ASA) focuses on investing in gold and other precious metals, operating as a closed-end fund that provides investors with exposure to the precious metals sector [1] Shareholder Activity - On January 14, 2026, Saba Capital Management, L.P., a significant shareholder of ASA, purchased 5,000 shares at $63.82 per share, increasing their total holdings to approximately 5.45 million shares, indicating continued confidence in ASA's potential [2] - Earlier, on January 7, Saba Capital increased its stake by purchasing 3,598 shares at an average price of $59.78 each, totaling around $215,000, which represented a 0.07% increase in their position, bringing total holdings to over 5.4 million shares valued at approximately $324 million [3] - On January 6, Saba Capital acquired 3,280 shares at an average price of $61.80 per share, highlighting their commitment to ASA despite recent stock price fluctuations [4] Stock Performance - ASA's stock has experienced a price range over the past year, with a high of $66.12 and a low of $21.57, and the company's market capitalization is approximately $1.2 billion [5] - The current stock price of ASA is $63.41, reflecting a slight decrease of 0.69% or $0.44 [4] - Recent transactions by Saba Capital reflect a strategic investment approach, with share purchases at prices ranging from $59.78 to $63.82 [6]