GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.09 and traded as high as $9.02. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.99, with a volume of 243,487 shares trading hands.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

The firm has a 50 day moving average of $8.09 and a 200 day moving average of $7.36.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in GAMCO Natural Resources, Gold & Income Trust by 3.5% in the first quarter. NewEdge Advisors LLC now owns 62,164 shares of the investment management company’s stock worth $379,000 after purchasing an additional 2,077 shares during the period. Stephens Inc. AR boosted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 212.6% during the 2nd quarter. Stephens Inc. AR now owns 36,610 shares of the investment management company’s stock worth $230,000 after purchasing an additional 24,900 shares in the last quarter. Samalin Investment Counsel LLC grew its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 21.2% in the 2nd quarter. Samalin Investment Counsel LLC now owns 63,511 shares of the investment management company’s stock valued at $399,000 after buying an additional 11,122 shares during the period. Advisors Asset Management Inc. bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the 2nd quarter valued at about $1,424,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in GAMCO Natural Resources, Gold & Income Trust by 22.6% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 27,248 shares of the investment management company’s stock worth $192,000 after buying an additional 5,014 shares during the period.

About GAMCO Natural Resources, Gold & Income Trust

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.