Major shareholder Saba Capital Management, L.P. has steadily increased its stake in ASA Gold and Precious Metals over the past two weeks. Beginning December 22nd, Saba acquired 2,760 shares and followed with nine additional purchases, culminating in a 3,280-share buy on January 6th. In total, Saba added 55,524 shares across 11 transactions, representing roughly $3.0 million of new capital deployed. Following the January 6th purchase, the firm’s position rose to 5,412,545 shares, marking a 0.06% uptick in its overall holding of the closed-end fund.

Research firm Weiss Ratings reaffirmed its buy recommendation for ASA on December 29th, citing the company’s diversified exposure to the precious metals sector and its attractive dividend yield. According to MarketBeat data, ASA carries a consensus buy rating from one tracked analyst. The analyst note highlighted the fund’s long-standing track record, established in 1959, and its strategy of blending equity stakes in mining firms with physical bullion holdings as key drivers for potential total return.

Several institutional investors have recently initiated or expanded positions in ASA Gold and Precious Metals. Medici Capital LLC injected new capital in the second quarter for a position valued at approximately $5.2 million, while Wolverine Asset Management LLC took on a $1.2 million stake during the same period. Wealth Enhancement Advisory Services initiated a $231,000 position in Q2, and Fruth Investment Management added a $226,000 stake in Q1. Atria Wealth Solutions increased its commitment by acquiring an additional 2,350 shares during Q2, growing its holding by 30.1% to just over 10,000 shares.