Private Advisor Group LLC Grows Stock Holdings in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)

Private Advisor Group LLC raised its stake in shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) by 109.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,038 shares of the investment management company’s stock after acquiring an additional 34,500 shares during the period. Private Advisor Group LLC’s holdings in GAMCO Natural Resources, Gold & Income Trust were worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNT. Raymond James Financial Inc. acquired a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at approximately $1,806,000. Janney Montgomery Scott LLC raised its holdings in GAMCO Natural Resources, Gold & Income Trust by 67.4% during the first quarter. Janney Montgomery Scott LLC now owns 76,416 shares of the investment management company’s stock worth $465,000 after purchasing an additional 30,765 shares in the last quarter. Alteri Wealth LLC purchased a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at approximately $75,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $70,000. Finally, LPL Financial LLC boosted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 1.9% in the fourth quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after buying an additional 3,337 shares in the last quarter.

GAMCO Natural Resources, Gold & Income Trust Price Performance

GAMCO Natural Resources, Gold & Income Trust stock opened at $6.28 on Friday. GAMCO Natural Resources, Gold & Income Trust has a one year low of $5.02 and a one year high of $6.62. The business has a fifty day moving average of $6.38 and a two-hundred day moving average of $6.05.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, July 24th. Stockholders of record on Friday, July 18th were given a dividend of $0.04 per share. This represents a dividend yield of 754.0%. The ex-dividend date was Thursday, July 17th.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 54,055 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $6.47, for a total value of $349,735.85. Following the sale, the insider owned 1,607,650 shares in the company, valued at $10,401,495.50. This represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 138,175 shares of company stock worth $889,754.

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.