Formidable Asset Management LLC Has $8.28 Million Stock Holdings in GAMCO Global Gold, Natural Resources & Income Trust $GGN

Formidable Asset Management LLC trimmed its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) by 11.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,604,962 shares of the investment management company’s stock after selling 204,089 shares during the quarter. GAMCO Global Gold, Natural Resources & Income Trust comprises about 1.2% of Formidable Asset Management LLC’s portfolio, making the stock its 13th biggest holding. Formidable Asset Management LLC’s holdings in GAMCO Global Gold, Natural Resources & Income Trust were worth $8,282,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GGN. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 2.0% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 153,128 shares of the investment management company’s stock worth $789,000 after purchasing an additional 3,044 shares during the period. Acropolis Investment Management LLC raised its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 31.0% in the 3rd quarter. Acropolis Investment Management LLC now owns 15,725 shares of the investment management company’s stock valued at $81,000 after buying an additional 3,725 shares in the last quarter. Truist Financial Corp raised its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 4.6% in the 2nd quarter. Truist Financial Corp now owns 86,862 shares of the investment management company’s stock valued at $381,000 after buying an additional 3,808 shares in the last quarter. Nwam LLC lifted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 7.0% during the 3rd quarter. Nwam LLC now owns 75,209 shares of the investment management company’s stock worth $388,000 after acquiring an additional 4,920 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 28.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,488 shares of the investment management company’s stock worth $116,000 after acquiring an additional 5,941 shares in the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of NYSEAMERICAN:GGN opened at $5.31 on Monday. GAMCO Global Gold, Natural Resources & Income Trust has a 1 year low of $3.68 and a 1 year high of $5.36. The company’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $4.89.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

About GAMCO Global Gold, Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) is a closed-end management investment company sponsored by GAMCO Investors, Inc The trust seeks to provide current income and secondarily capital appreciation by investing primarily in equity and income‐producing securities of gold, natural resource and other commodity-related issuers. Shares of GGN are traded on the NYSE American exchange, offering investors access to a diversified portfolio of companies involved in mining, energy production and related industries.

The fund’s portfolio typically includes common and preferred stocks, debt instruments, royalty interests and other income-producing securities issued by issuers engaged in exploration, extraction, processing and distribution of precious metals, energy and natural resources.