GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.37 and traded as low as $8.05. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.1460, with a volume of 103,643 shares trading hands.

GAMCO Natural Resources, Gold & Income Trust Trading Up 2.1%

The business has a 50-day moving average price of $8.22 and a two-hundred day moving average price of $8.38.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Wednesday, September 16th.

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

A number of hedge funds have recently added to or reduced their stakes in GNT. Dunhill Financial LLC acquired a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at $37,000. Stratos Wealth Partners LTD. acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth about $82,000. Brookstone Capital Management bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $106,000. Wedbush Securities Inc. lifted its position in GAMCO Natural Resources, Gold & Income Trust by 20.9% in the 4th quarter. Wedbush Securities Inc. now owns 14,515 shares of the investment management company’s stock valued at $108,000 after purchasing an additional 2,508 shares during the last quarter. Finally, Csenge Advisory Group boosted its stake in GAMCO Natural Resources, Gold & Income Trust by 33.7% during the 4th quarter. Csenge Advisory Group now owns 14,985 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 3,775 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.