GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s share price passed 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.

GAMCO Natural Resources, Gold & Income Trust Price Performance

The company’s 50-day simple moving average is $8.26 and its 200 day simple moving average is $8.32.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dunhill Financial LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $37,000. Stratos Wealth Partners LTD. purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth approximately $82,000. Thompson Davis & CO. Inc. purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth approximately $83,000. Brookstone Capital Management acquired a new stake in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at approximately $106,000. Finally, Wedbush Securities Inc. lifted its stake in GAMCO Natural Resources, Gold & Income Trust by 20.9% in the fourth quarter. Wedbush Securities Inc. now owns 14,515 shares of the investment management company’s stock worth $108,000 after acquiring an additional 2,508 shares during the last quarter.

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.