GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.11 and traded as low as $8.08. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.13, with a volume of 38,454 shares.

GAMCO Natural Resources, Gold & Income Trust Stock Up 0.1%

The company has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $8.11.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently announced 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 yield of 8.9%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Investors Weigh In On GAMCO Natural Resources, Gold & Income Trust

Several hedge funds have recently added to or reduced their stakes in GNT. NewEdge Advisors LLC boosted its holdings in GAMCO Natural Resources, Gold & Income Trust by 3.5% in 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 in the last quarter. Advisors Asset Management Inc. raised its stake 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 worth $2,624,000 after purchasing an additional 146,933 shares during the last quarter. Wedbush Securities Inc. purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the third quarter worth $84,000. Wealthcare Advisory Partners LLC raised its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 1.3% in the third quarter. Wealthcare Advisory Partners LLC now owns 423,554 shares of the investment management company’s stock worth $2,978,000 after purchasing an additional 5,608 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 9.1% in the third quarter. Private Advisor Group LLC now owns 113,452 shares of the investment management company’s stock worth $798,000 after purchasing an additional 9,504 shares during 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.