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

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) shares 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 traded.

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

The firm has a fifty day moving average of $8.21 and a 200 day moving average of $8.36.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

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

Hedge Funds Weigh In On GAMCO Natural Resources, Gold & Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. VestGen Advisors LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $1,029,000. Stifel Financial Corp lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 663.7% in the fourth quarter. Stifel Financial Corp now owns 125,323 shares of the investment management company’s stock worth $934,000 after acquiring an additional 108,913 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. Closed End Fund Advisors Inc. acquired a new position in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at approximately $312,000. Finally, Brookstone Capital Management grew its holdings in shares of 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 valued at $441,000 after purchasing an additional 38,536 shares during the last quarter.

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.