GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Passes Below 200-Day Moving Average – Here’s Why

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.24 and traded as low as $5.09. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $5.13, with a volume of 457,329 shares.

GAMCO Global Gold, Natural Resources & Income Trust Stock Up 0.8%

The firm’s fifty day moving average is $4.92 and its 200-day moving average is $5.24.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a $0.03 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Wednesday, September 16th.

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

Hedge funds have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at $512,000. Wolverine Asset Management LLC acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter valued at about $3,172,000. Janney Montgomery Scott LLC boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 42.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,305,574 shares of the investment management company’s stock worth $6,946,000 after purchasing an additional 386,270 shares in the last quarter. Alpha Cubed Investments LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth about $120,000. Finally, Ashton Thomas Securities LLC grew its stake in GAMCO Global Gold, Natural Resources & Income Trust by 2.4% in the fourth quarter. Ashton Thomas Securities LLC now owns 125,705 shares of the investment management company’s stock valued at $649,000 after acquiring an additional 3,005 shares during the period.

About GAMCO Global Gold, Natural Resources & Income Trust

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.