GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Passes Below 200-Day Moving Average – Should You Sell?

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.33 and traded as low as $8.18. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.20, with a volume of 77,740 shares.

GAMCO Natural Resources, Gold & Income Trust Price Performance

The firm has a 50-day moving average price of $8.23 and a 200 day moving average price of $8.33.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

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

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC lifted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 2.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 435,555 shares of the investment management company’s stock worth $3,245,000 after buying an additional 12,001 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 1.1% in the fourth quarter. Advisors Asset Management Inc. now owns 377,486 shares of the investment management company’s stock worth $2,812,000 after acquiring an additional 4,209 shares during the last quarter. LPL Financial LLC lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 4.6% in the fourth quarter. LPL Financial LLC now owns 279,214 shares of the investment management company’s stock worth $2,080,000 after acquiring an additional 12,180 shares during the last quarter. NewEdge Advisors LLC boosted its stake in GAMCO Natural Resources, Gold & Income Trust by 98.1% in the third quarter. NewEdge Advisors LLC now owns 153,936 shares of the investment management company’s stock valued at $1,082,000 after acquiring an additional 76,217 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in 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 valued at $1,105,000 after acquiring 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.