Noble Wealth Management PBC Has $3.06 Million Holdings in ASA Gold and Precious Metals Limited $ASA

Noble Wealth Management PBC cut its position in ASA Gold and Precious Metals Limited (NYSE:ASA) by 20.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,841 shares of the investment management company’s stock after selling 15,556 shares during the quarter. ASA Gold and Precious Metals comprises approximately 1.4% of Noble Wealth Management PBC’s holdings, making the stock its 18th biggest position. Noble Wealth Management PBC owned approximately 0.31% of ASA Gold and Precious Metals worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Saba Capital Management L.P. lifted its stake in ASA Gold and Precious Metals by 15.8% in the fourth quarter. Saba Capital Management L.P. now owns 5,391,713 shares of the investment management company’s stock valued at $321,724,000 after acquiring an additional 735,036 shares during the last quarter. Royal Bank of Canada increased its stake in shares of ASA Gold and Precious Metals by 882.4% during the 1st quarter. Royal Bank of Canada now owns 360,577 shares of the investment management company’s stock worth $22,366,000 after purchasing an additional 323,875 shares during the last quarter. Altium Capital Management LLC bought a new stake in shares of ASA Gold and Precious Metals in the 4th quarter valued at about $3,116,000. Almitas Capital LLC raised its holdings in shares of ASA Gold and Precious Metals by 14.0% in the 4th quarter. Almitas Capital LLC now owns 382,139 shares of the investment management company’s stock valued at $22,802,000 after purchasing an additional 46,797 shares during the period. Finally, Quantedge Capital Pte Ltd lifted its stake 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 valued at $1,709,000 after purchasing an additional 23,500 shares during the last quarter.

Analyst Upgrades and Downgrades

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

ASA Gold and Precious Metals Stock Performance

ASA opened at $50.29 on Tuesday. The stock’s fifty day simple moving average is $54.76 and its 200 day simple moving average is $62.91. ASA Gold and Precious Metals Limited has a 1-year low of $31.47 and a 1-year high of $83.20.

About ASA Gold and Precious Metals

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.