GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.45 and traded as high as $8.54. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.4840, with a volume of 31,814 shares traded.

GAMCO Natural Resources, Gold & Income Trust Stock Down 0.7%

The firm’s 50-day simple moving average is $8.45 and its 200 day simple moving average is $7.72.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be given a $0.06 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 8.5%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in GAMCO Natural Resources, Gold & Income Trust by 64.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 373,277 shares of the investment management company’s stock worth $2,624,000 after purchasing an additional 146,933 shares during the last quarter. Stephens Inc. AR grew its position in GAMCO Natural Resources, Gold & Income Trust by 14.8% in the 3rd quarter. Stephens Inc. AR now owns 42,020 shares of the investment management company’s stock worth $295,000 after purchasing an additional 5,410 shares during the last quarter. Benjamin Edwards Inc. bought a new position in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth about $147,000. Blue Bell Private Wealth Management LLC grew its position in GAMCO Natural Resources, Gold & Income Trust by 22.6% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 27,248 shares of the investment management company’s stock worth $192,000 after purchasing an additional 5,014 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its position in GAMCO Natural Resources, Gold & Income Trust by 43.2% in the 4th quarter. Wolverine Asset Management LLC now owns 31,947 shares of the investment management company’s stock worth $238,000 after purchasing an additional 9,637 shares during the last quarter.

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.