Wolverine Asset Management LLC Takes $3.17 Million Position in GAMCO Global Gold, Natural Resources & Income Trust $GGN

Wolverine Asset Management LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 614,668 shares of the investment management company’s stock, valued at approximately $3,172,000.

A number of other hedge funds also recently bought and sold shares of the company. Sovran Advisors LLC lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 0.5% in the 4th quarter. Sovran Advisors LLC now owns 948,510 shares of the investment management company’s stock worth $5,065,000 after buying an additional 4,788 shares during the last quarter. Bank of America Corp DE lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 946,230 shares of the investment management company’s stock worth $4,154,000 after buying an additional 81,045 shares during the last quarter. Private Advisor Group LLC lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 23.4% in the 3rd quarter. Private Advisor Group LLC now owns 707,202 shares of the investment management company’s stock worth $3,646,000 after buying an additional 134,315 shares during the last quarter. Raymond James Financial Inc. lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 5.5% in the 3rd quarter. Raymond James Financial Inc. now owns 485,361 shares of the investment management company’s stock worth $2,502,000 after buying an additional 25,253 shares during the last quarter. Finally, Eastern Bank lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 74.5% in the 4th quarter. Eastern Bank now owns 384,930 shares of the investment management company’s stock worth $1,986,000 after buying an additional 164,380 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

NYSEAMERICAN:GGN opened at $5.23 on Tuesday. The business has a 50 day moving average of $5.42 and a 200 day moving average of $5.26. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $4.15 and a 1-year high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a $0.03 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.