GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.72 and traded as low as $5.37. GAMCO Natural Resources, Gold & Income Trust shares last traded at $5.37, with a volume of 38,852 shares trading hands.

GAMCO Natural Resources, Gold & Income Trust Trading Up 0.7 %

The stock’s 50 day moving average is $5.78 and its 200 day moving average is $5.72.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 8.87%. The ex-dividend date is Thursday, January 16th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GNT. Capital Wealth Alliance LLC boosted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 2.3% during the 3rd quarter. Capital Wealth Alliance LLC now owns 488,629 shares of the investment management company’s stock valued at $2,868,000 after purchasing an additional 10,987 shares in the last quarter. Raymond James & Associates boosted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 10.2% in the 2nd quarter. Raymond James & Associates now owns 240,305 shares of the investment management company’s stock valued at $1,319,000 after purchasing an additional 22,332 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 434.2% in the third quarter. International Assets Investment Management LLC now owns 136,513 shares of the investment management company’s stock worth $801,000 after buying an additional 110,957 shares during the period. Oxbow Advisors LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter valued at approximately $226,000. Finally, Chevy Chase Trust Holdings LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth approximately $176,000.

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.