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

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.54 and traded as low as $8.33. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.4650, with a volume of 53,439 shares changing hands.

GAMCO Natural Resources, Gold & Income Trust Price Performance

The company’s 50-day moving average price is $8.89 and its 200 day moving average price is $8.54.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On GAMCO Natural Resources, Gold & Income Trust

A number of hedge funds have recently modified their holdings of GNT. Private Advisor Group LLC raised its stake in GAMCO Natural Resources, Gold & Income Trust by 12.9% during the 1st quarter. Private Advisor Group LLC now owns 135,051 shares of the investment management company’s stock valued at $1,128,000 after purchasing an additional 15,378 shares during the period. Brookstone Capital Management lifted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 270.2% in the first quarter. Brookstone Capital Management now owns 52,796 shares of the investment management company’s stock worth $441,000 after buying an additional 38,536 shares in the last quarter. Stephens Inc. AR grew its holdings in GAMCO Natural Resources, Gold & Income Trust by 3.1% during the 1st quarter. Stephens Inc. AR now owns 40,148 shares of the investment management company’s stock valued at $335,000 after buying an additional 1,222 shares in the last quarter. Wedbush Securities Inc. increased its stake in GAMCO Natural Resources, Gold & Income Trust by 14.0% in the 2nd quarter. Wedbush Securities Inc. now owns 23,904 shares of the investment management company’s stock worth $195,000 after acquiring an additional 2,927 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 10.7% in the 1st quarter. Cetera Investment Advisers now owns 17,924 shares of the investment management company’s stock worth $150,000 after buying an additional 1,739 shares in the last quarter.

GAMCO Natural Resources, Gold & Income Trust Company Profile

GAMCO Natural Resources, Gold & Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol GNT. The fund seeks to provide investors with current income and capital appreciation by investing primarily in companies involved in natural resources, gold and other precious metals.

The fund may invest across a range of resource-related industries, including energy, metals and mining, and other businesses tied to the exploration, production, processing or distribution of natural resources.