Eastern Bank Grows Position in GAMCO Global Gold, Natural Resources & Income Trust $GGN

Eastern Bank boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) by 74.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 384,930 shares of the investment management company’s stock after purchasing an additional 164,380 shares during the period. Eastern Bank’s holdings in GAMCO Global Gold, Natural Resources & Income Trust were worth $1,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 101.9% during the second quarter. Osaic Holdings Inc. now owns 567,969 shares of the investment management company’s stock valued at $2,493,000 after buying an additional 286,667 shares during the period. Private Advisor Group LLC raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 23.4% in the third 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 period. Raymond James Financial Inc. raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 40.7% in the second quarter. Raymond James Financial Inc. now owns 460,108 shares of the investment management company’s stock worth $2,020,000 after buying an additional 133,037 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 230.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 189,582 shares of the investment management company’s stock worth $977,000 after acquiring an additional 132,145 shares during the last quarter. Finally, Compound Planning Inc. lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 434.2% during the 3rd quarter. Compound Planning Inc. now owns 162,509 shares of the investment management company’s stock worth $838,000 after acquiring an additional 132,087 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

GGN opened at $5.24 on Monday. The business has a fifty day moving average of $5.46 and a 200 day moving average of $5.21. GAMCO Global Gold, Natural Resources & Income Trust has a 52-week low of $3.68 and a 52-week high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

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

GAMCO Global Gold, Natural Resources & Income Trust 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.