Medici Capital LLC Acquires New Position in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN)

Medici Capital LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 72,000 shares of the investment management company’s stock, valued at approximately $315,000. GAMCO Global Gold, Natural Resources & Income Trust accounts for approximately 0.4% of Medici Capital LLC’s portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth about $1,288,000. Wolverine Asset Management LLC purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at approximately $1,075,000. Cornerstone Advisors LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 1,017.9% during the fourth quarter. Cornerstone Advisors LLC now owns 191,201 shares of the investment management company’s stock worth $721,000 after purchasing an additional 174,098 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 721.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 142,913 shares of the investment management company’s stock worth $539,000 after purchasing an additional 125,506 shares during the period. Finally, Total Wealth Planning & Management Inc. purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth approximately $372,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of GGN opened at $4.48 on Tuesday. GAMCO Global Gold, Natural Resources & Income Trust has a fifty-two week low of $3.68 and a fifty-two week high of $4.58. The company has a fifty day moving average of $4.29.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend is Tuesday, September 16th.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.