GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Price Passes Above 50 Day Moving Average – Here’s Why

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.27 and traded as high as $7.71. GAMCO Natural Resources, Gold & Income Trust shares last traded at $7.62, with a volume of 151,472 shares traded.

GAMCO Natural Resources, Gold & Income Trust Stock Up 2.1%

The stock has a 50 day moving average price of $7.27 and a two-hundred day moving average price of $6.89.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 9.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 3.5% during the 1st quarter. NewEdge Advisors LLC now owns 62,164 shares of the investment management company’s stock worth $379,000 after buying an additional 2,077 shares in the last quarter. Integrity Alliance LLC. acquired a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the first quarter worth $148,000. Stephens Inc. AR increased its position in shares of GAMCO Natural Resources, Gold & Income Trust by 212.6% during the second quarter. Stephens Inc. AR now owns 36,610 shares of the investment management company’s stock worth $230,000 after acquiring an additional 24,900 shares during the period. Capital Wealth Alliance LLC acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the second quarter valued at $2,269,000. Finally, Samalin Investment Counsel LLC boosted its holdings in GAMCO Natural Resources, Gold & Income Trust by 21.2% in the second quarter. Samalin Investment Counsel LLC now owns 63,511 shares of the investment management company’s stock valued at $399,000 after purchasing an additional 11,122 shares during the period.

About GAMCO Natural Resources, Gold & Income Trust

The GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. The fund primarily invests in equity securities of companies engaged in the natural resources sector, including mining, energy, agriculture and forestry businesses. In addition to selecting resource-oriented equities, the trust employs a covered-call writing strategy on select holdings to generate supplemental income for its shareholders.

Portfolio exposures span a broad range of industries within the natural resources space, such as precious metals producers, base metals miners, oil and gas companies, agricultural firms and related service providers.