Pekin Hardy Strauss Inc. Has $586,000 Stock Position in ASA Gold and Precious Metals Limited (NYSE:ASA)

Pekin Hardy Strauss Inc. lessened its stake in ASA Gold and Precious Metals Limited (NYSE:ASA) by 17.4% in the fourth quarter, Holdings Channel reports. The firm owned 38,905 shares of the investment management company’s stock after selling 8,180 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in ASA Gold and Precious Metals were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ASA. Wolverine Asset Management LLC raised its position in shares of ASA Gold and Precious Metals by 96.6% in the 4th quarter. Wolverine Asset Management LLC now owns 8,652 shares of the investment management company’s stock valued at $130,000 after buying an additional 4,252 shares in the last quarter. International Assets Investment Management LLC bought a new position in ASA Gold and Precious Metals in the fourth quarter valued at approximately $522,000. Blue Bell Private Wealth Management LLC lifted its stake in ASA Gold and Precious Metals by 82.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 32,122 shares of the investment management company’s stock worth $484,000 after purchasing an additional 14,509 shares during the last quarter. Raymond James & Associates lifted its position in shares of ASA Gold and Precious Metals by 2.6% during the 4th quarter. Raymond James & Associates now owns 638,436 shares of the investment management company’s stock worth $9,615,000 after buying an additional 16,280 shares during the last quarter. Finally, Saba Capital Management L.P. grew its position in ASA Gold and Precious Metals by 59.1% in the third quarter. Saba Capital Management L.P. now owns 1,788,420 shares of the investment management company’s stock valued at $23,840,000 after acquiring an additional 664,321 shares during the last quarter.

ASA Gold and Precious Metals Price Performance

Shares of NYSE ASA opened at $17.31 on Wednesday. ASA Gold and Precious Metals Limited has a 12 month low of $12.80 and a 12 month high of $17.75. The stock has a 50-day moving average price of $15.61 and a two-hundred day moving average price of $14.88.

ASA Gold and Precious Metals Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be issued a $0.02 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 3rd. This is a boost from ASA Gold and Precious Metals’s previous Semi-Annual dividend of $0.01.

ASA Gold and Precious Metals Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.