GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Passes Below 200-Day Moving Average – Here’s Why

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.24 and traded as low as $5.09. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $5.13, with a volume of 457,329 shares trading hands.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

The firm has a 50-day moving average price of $4.92 and a 200-day moving average price of $5.24.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 7.0%.

Institutional Trading of GAMCO Global Gold, Natural Resources & Income Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 42.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,305,574 shares of the investment management company’s stock valued at $6,946,000 after acquiring an additional 386,270 shares during the last quarter. Bank of America Corp DE increased its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 8.5% during the 1st quarter. Bank of America Corp DE now owns 1,292,854 shares of the investment management company’s stock worth $6,878,000 after purchasing an additional 101,590 shares during the last quarter. Sovran Advisors LLC increased its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 0.9% during the 1st quarter. Sovran Advisors LLC now owns 957,497 shares of the investment management company’s stock worth $5,056,000 after purchasing an additional 8,987 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.8% in the 1st quarter. Private Advisor Group LLC now owns 782,421 shares of the investment management company’s stock worth $4,162,000 after purchasing an additional 13,778 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 694,016 shares of the investment management company’s stock valued at $3,692,000 after purchasing an additional 9,450 shares during the last quarter.

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.