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

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.27 and traded as low as $8.06. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.08, with a volume of 174,468 shares trading hands.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

The business has a fifty day moving average of $8.40 and a 200-day moving average of $8.27.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Wednesday, September 16th.

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

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

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.