GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.32 and traded as low as $8.18. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.2250, with a volume of 120,772 shares traded.

GAMCO Natural Resources, Gold & Income Trust Stock Down 0.5%

The firm has a fifty day moving average of $8.26 and a 200 day moving average of $8.32.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC increased its stake in GAMCO Natural Resources, Gold & Income Trust by 2.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 435,555 shares of the investment management company’s stock valued at $3,245,000 after purchasing an additional 12,001 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 1.1% during the 4th quarter. Advisors Asset Management Inc. now owns 377,486 shares of the investment management company’s stock worth $2,812,000 after buying an additional 4,209 shares during the last quarter. LPL Financial LLC lifted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 4.6% during the 4th quarter. LPL Financial LLC now owns 279,214 shares of the investment management company’s stock worth $2,080,000 after buying an additional 12,180 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 98.1% in the 3rd quarter. NewEdge Advisors LLC now owns 153,936 shares of the investment management company’s stock valued at $1,082,000 after buying an additional 76,217 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 4.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 148,269 shares of the investment management company’s stock valued at $1,105,000 after buying an additional 5,836 shares in the last quarter.

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.