GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.33 and traded as low as $8.18. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.20, with a volume of 77,740 shares changing hands.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

The stock has a 50 day moving average of $8.23 and a 200 day moving average of $8.33.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 8.8%.

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

Institutional investors have recently modified their holdings of the company. Dunhill Financial LLC acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth about $37,000. Stratos Wealth Partners LTD. acquired a new stake in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth about $82,000. Thompson Davis & CO. Inc. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth about $83,000. Brookstone Capital Management acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $106,000. Finally, Wedbush Securities Inc. increased its stake 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 valued at $108,000 after acquiring an additional 2,508 shares during the period.

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.