GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.36 and traded as low as $8.12. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.2150, with a volume of 54,745 shares changing hands.

GAMCO Natural Resources, Gold & Income Trust Stock Up 1.5%

The business has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $8.36.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

Institutional Investors Weigh In On GAMCO Natural Resources, Gold & Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 3.0% during the 4th quarter. Osaic Holdings Inc. now owns 52,617 shares of the investment management company’s stock valued at $392,000 after acquiring an additional 1,516 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 20.9% during the fourth quarter. Wedbush Securities Inc. now owns 14,515 shares of the investment management company’s stock worth $108,000 after acquiring an additional 2,508 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 3.1% during the first quarter. Stephens Inc. AR now owns 40,148 shares of the investment management company’s stock worth $335,000 after acquiring an additional 1,222 shares in the last quarter. Private Advisor Group LLC boosted its position in GAMCO Natural Resources, Gold & Income Trust by 12.9% during the first quarter. Private Advisor Group LLC now owns 135,051 shares of the investment management company’s stock valued at $1,128,000 after purchasing an additional 15,378 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in GAMCO Natural Resources, Gold & Income Trust by 32.1% during the first quarter. Kestra Private Wealth Services LLC now owns 17,700 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 4,300 shares during the last quarter.

GAMCO Natural Resources, Gold & Income Trust Company Profile

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.