GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Crosses Above 50 Day Moving Average – Time to Sell?

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.45 and traded as high as $8.54. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.4840, with a volume of 31,814 shares trading hands.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

The business’s 50-day moving average is $8.45 and its 200 day moving average is $7.74.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th.

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

A number of hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. increased its position in GAMCO Natural Resources, Gold & Income Trust by 3.0% during the fourth quarter. Osaic Holdings Inc. now owns 52,617 shares of the investment management company’s stock worth $392,000 after acquiring an additional 1,516 shares during the period. NewEdge Advisors LLC increased its position in GAMCO Natural Resources, Gold & Income Trust by 3.5% during the first quarter. NewEdge Advisors LLC now owns 62,164 shares of the investment management company’s stock worth $379,000 after acquiring an additional 2,077 shares during the period. Wedbush Securities Inc. increased its position in 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 during the period. Kingswood Wealth Advisors LLC increased its position in GAMCO Natural Resources, Gold & Income Trust by 7.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 38,800 shares of the investment management company’s stock worth $289,000 after acquiring an additional 2,800 shares during the period. Finally, Bank of America Corp DE increased its position in GAMCO Natural Resources, Gold & Income Trust by 4.1% during the third quarter. Bank of America Corp DE now owns 93,408 shares of the investment management company’s stock worth $657,000 after acquiring an additional 3,636 shares during the period.

About GAMCO Natural Resources, Gold & Income Trust

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.