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

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.71 and traded as low as $5.36. GAMCO Natural Resources, Gold & Income Trust shares last traded at $5.40, with a volume of 65,692 shares changing hands.

GAMCO Natural Resources, Gold & Income Trust Trading Up 0.6 %

The company’s fifty day moving average price is $5.68 and its 200-day moving average price is $5.71.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 8.89%. The ex-dividend date is Thursday, January 16th.

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

Several large investors have recently modified their holdings of the stock. Stephens Inc. AR raised its holdings in GAMCO Natural Resources, Gold & Income Trust by 21.9% in the third quarter. Stephens Inc. AR now owns 13,210 shares of the investment management company’s stock worth $78,000 after buying an additional 2,375 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 134.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 17,590 shares of the investment management company’s stock worth $97,000 after purchasing an additional 10,095 shares during the last quarter. Quarry LP bought a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the third quarter valued at $151,000. Chevy Chase Trust Holdings LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth about $176,000. Finally, Oxbow Advisors LLC purchased a new position in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth about $226,000.

About GAMCO Natural Resources, Gold & Income Trust

GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.