International Assets Investment Management LLC increased its holdings in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT – Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,556 shares of the investment management company’s stock after purchasing an additional 2,000 shares during the period. International Assets Investment Management LLC’s holdings in GAMCO Natural Resources, Gold & Income Trust were worth $162,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth approximately $70,000. Alteri Wealth LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $75,000. Samalin Investment Counsel LLC acquired a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at $93,000. Private Advisor Group LLC increased its holdings in GAMCO Natural Resources, Gold & Income Trust by 14.6% during the 4th quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 4,017 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in GAMCO Natural Resources, Gold & Income Trust by 67.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 76,416 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 30,765 shares during the last quarter.
Insiders Place Their Bets
In related news, major shareholder Saba Capital Management, L.P. sold 4,029 shares of GAMCO Natural Resources, Gold & Income Trust stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $6.28, for a total transaction of $25,302.12. Following the completion of the sale, the insider now directly owns 1,706,949 shares of the company’s stock, valued at $10,719,639.72. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 99,228 shares of company stock valued at $616,343 in the last 90 days.
GAMCO Natural Resources, Gold & Income Trust Stock Performance
GAMCO Natural Resources, Gold & Income Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend is Tuesday, September 16th.
GAMCO Natural Resources, Gold & Income Trust Profile
GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.
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