Tiptree Advisors LLC Sells 4,526 Shares of GAMCO Global Gold, Natural Resources & Income Trust $GGN

Tiptree Advisors LLC reduced its position in shares of GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,471 shares of the investment management company’s stock after selling 4,526 shares during the period. GAMCO Global Gold, Natural Resources & Income Trust comprises 0.4% of Tiptree Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Tiptree Advisors LLC’s holdings in GAMCO Global Gold, Natural Resources & Income Trust were worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GGN. Acropolis Investment Management LLC acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the second quarter worth approximately $53,000. Texas Yale Capital Corp. acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the first quarter worth approximately $57,000. Modera Wealth Management LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 25.5% in the first quarter. Modera Wealth Management LLC now owns 13,424 shares of the investment management company’s stock worth $59,000 after acquiring an additional 2,731 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the first quarter worth approximately $61,000. Finally, XTX Topco Ltd acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the first quarter worth approximately $73,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Down 5.9%

GAMCO Global Gold, Natural Resources & Income Trust stock opened at $4.75 on Wednesday. The stock’s 50 day moving average is $4.93 and its 200 day moving average is $4.55. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $3.68 and a one year high of $5.31.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) annualized dividend and a yield of 7.6%.

About GAMCO Global Gold, Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & 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 the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of gold, or the financing, managing and controlling, or operating of companies engaged in gold related activities.