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

Shares of GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGNGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.28 and traded as low as $4.86. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $4.88, with a volume of 380,123 shares trading hands.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 0.4%

The stock’s fifty day simple moving average is $5.04 and its 200-day simple moving average is $5.28.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Total Wealth Planning & Management Inc. purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth about $512,000. Eastern Bank boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 74.5% in the fourth quarter. Eastern Bank now owns 384,930 shares of the investment management company’s stock valued at $1,986,000 after acquiring an additional 164,380 shares during the period. Wolverine Asset Management LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth $3,172,000. Janney Montgomery Scott LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 42.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,305,574 shares of the investment management company’s stock valued at $6,946,000 after acquiring an additional 386,270 shares during the period. Finally, JGP Wealth Management LLC purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth approximately $224,000.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

(Get Free Report)

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.

Further Reading

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