GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Crosses Above 50-Day Moving Average – What’s Next?

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.98 and traded as high as $5.31. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $5.31, with a volume of 268,784 shares trading hands.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

The firm has a fifty day moving average of $4.98 and a two-hundred day moving average of $4.80.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 6.8%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GGN. HM Payson & Co. purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the third quarter valued at approximately $46,000. Assetmark Inc. raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 166.7% during the 3rd quarter. Assetmark Inc. now owns 10,400 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 6,500 shares during the period. Tactive Advisors LLC bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter valued at $56,000. Acropolis Investment Management LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust during the 2nd quarter valued at approximately $53,000. Finally, CoreCap Advisors LLC lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 200.0% during the third quarter. CoreCap Advisors LLC now owns 12,000 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 8,000 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) is a closed-end management investment company sponsored by GAMCO Investors, Inc The trust seeks to provide current income and secondarily capital appreciation by investing primarily in equity and income‐producing securities of gold, natural resource and other commodity-related issuers. Shares of GGN are traded on the NYSE American exchange, offering investors access to a diversified portfolio of companies involved in mining, energy production and related industries.

The fund’s portfolio typically includes common and preferred stocks, debt instruments, royalty interests and other income-producing securities issued by issuers engaged in exploration, extraction, processing and distribution of precious metals, energy and natural resources.