GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Saba Capital Management, L.P. Sells 4,497 Shares

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 4,497 shares of the business’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $6.45, for a total transaction of $29,005.65. Following the completion of the sale, the insider now owns 1,712,853 shares in the company, valued at $11,047,901.85. This represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, June 20th, Saba Capital Management, L.P. sold 12,616 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.47, for a total transaction of $81,625.52.
• On Wednesday, June 18th, Saba Capital Management, L.P. sold 2,172 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.50, for a total transaction of $14,118.00.
• On Tuesday, June 17th, Saba Capital Management, L.P. sold 4,607 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.55, for a total transaction of $30,175.85.
• On Monday, June 16th, Saba Capital Management, L.P. sold 9,080 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.52, for a total value of $59,201.60.
• On Wednesday, April 16th, Saba Capital Management, L.P. sold 24,059 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.10, for a total value of $146,759.90.
• On Thursday, April 3rd, Saba Capital Management, L.P. sold 33,712 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.01, for a total value of $202,609.12.
• On Tuesday, April 1st, Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.11, for a total value of $15,769.91.

GAMCO Natural Resources, Gold & Income Trust Stock Down 0.5%

NYSE GNT opened at $6.26 on Thursday. GAMCO Natural Resources, Gold & Income Trust has a 52 week low of $5.02 and a 52 week high of $6.62. The company has a fifty day moving average of $6.18 and a two-hundred day moving average of $5.89.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.67%.

Hedge Funds Weigh In On GAMCO Natural Resources, Gold & Income Trust

Hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 14.6% during the fourth quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock valued at $167,000 after buying an additional 4,017 shares during the period. Raymond James Financial Inc. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $1,806,000. Samalin Investment Counsel LLC bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $93,000. LPL Financial LLC boosted its holdings in GAMCO Natural Resources, Gold & Income Trust by 1.9% during the 4th quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after acquiring an additional 3,337 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at $236,000.

GAMCO Natural Resources, Gold & Income Trust Company 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.