ASA Gold and Precious Metals Limited $ASA Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its holdings in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 28.7% during the first quarter, HoldingsChannel reports. The firm owned 130,114 shares of the investment management company’s stock after selling 52,401 shares during the quarter. Cetera Investment Advisers’ holdings in ASA Gold and Precious Metals were worth $8,071,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ASA. Saba Capital Management L.P. grew its position in shares of 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 purchasing an additional 735,036 shares during the period. Almitas Capital LLC lifted its position in ASA Gold and Precious Metals by 14.0% during the fourth quarter. Almitas Capital LLC now owns 382,139 shares of the investment management company’s stock worth $22,802,000 after buying an additional 46,797 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in ASA Gold and Precious Metals by 3.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 143,341 shares of the investment management company’s stock worth $8,553,000 after buying an additional 4,986 shares during the period. Private Advisor Group LLC boosted its stake in ASA Gold and Precious Metals by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after buying an additional 2,622 shares during the last quarter. Finally, Altium Capital Management LLC acquired a new stake in ASA Gold and Precious Metals in the 4th quarter worth about $3,116,000.

ASA Gold and Precious Metals Trading Down 3.7%

ASA opened at $48.94 on Friday. ASA Gold and Precious Metals Limited has a 52-week low of $30.95 and a 52-week high of $83.20. The company has a 50 day moving average of $54.94 and a two-hundred day moving average of $63.01.

Wall Street Analysts Forecast Growth

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