GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Shares Cross Below 200 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 Thursday . The stock has a 200-day moving average of $8.07 and traded as low as $8.02. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.14, with a volume of 39,787 shares trading hands.

GAMCO Natural Resources, Gold & Income Trust Price Performance

The company’s fifty day simple moving average is $8.45 and its 200 day simple moving average is $8.07.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

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

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

Several institutional investors and hedge funds have recently modified their holdings of GNT. Advisors Asset Management Inc. increased its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 64.9% in the third quarter. Advisors Asset Management Inc. now owns 373,277 shares of the investment management company’s stock valued at $2,624,000 after purchasing an additional 146,933 shares during the last quarter. VestGen Advisors LLC bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at about $1,029,000. Stifel Financial Corp boosted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 663.7% in the fourth quarter. Stifel Financial Corp now owns 125,323 shares of the investment management company’s stock valued at $934,000 after acquiring an additional 108,913 shares during the period. NewEdge Advisors LLC boosted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 98.1% in the third quarter. NewEdge Advisors LLC now owns 153,936 shares of the investment management company’s stock valued at $1,082,000 after acquiring an additional 76,217 shares during the period. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at about $312,000.

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.