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

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.36 and traded as low as $8.12. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.2150, with a volume of 54,745 shares changing hands.

GAMCO Natural Resources, Gold & Income Trust Stock Up 1.5%

The firm’s 50 day moving average is $8.21 and its 200-day moving average is $8.36.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

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 dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Wednesday, September 16th.

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 10.7% during the 1st quarter. Cetera Investment Advisers now owns 17,924 shares of the investment management company’s stock valued at $150,000 after acquiring an additional 1,739 shares during the last quarter. Stephens Inc. AR raised its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 3.1% in the 1st quarter. Stephens Inc. AR now owns 40,148 shares of the investment management company’s stock valued at $335,000 after acquiring an additional 1,222 shares in the last quarter. Private Advisor Group LLC lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 12.9% in the 1st quarter. Private Advisor Group LLC now owns 135,051 shares of the investment management company’s stock worth $1,128,000 after purchasing an additional 15,378 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 32.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 17,700 shares of the investment management company’s stock worth $148,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in GAMCO Natural Resources, Gold & Income Trust by 270.2% during the first quarter. Brookstone Capital Management now owns 52,796 shares of the investment management company’s stock worth $441,000 after purchasing an additional 38,536 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.