Sovran Advisors LLC Takes $4.05 Million Position in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN)

Sovran Advisors LLC purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 991,932 shares of the investment management company’s stock, valued at approximately $4,047,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers raised its position in GAMCO Global Gold, Natural Resources & Income Trust by 9.8% during the second quarter. Cetera Investment Advisers now owns 487,696 shares of the investment management company’s stock valued at $1,975,000 after purchasing an additional 43,328 shares in the last quarter. Janney Montgomery Scott LLC raised its position in GAMCO Global Gold, Natural Resources & Income Trust by 21.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 434,077 shares of the investment management company’s stock valued at $1,636,000 after purchasing an additional 77,550 shares in the last quarter. Private Advisor Group LLC raised its position in GAMCO Global Gold, Natural Resources & Income Trust by 72.1% during the third quarter. Private Advisor Group LLC now owns 313,853 shares of the investment management company’s stock valued at $1,343,000 after purchasing an additional 131,497 shares in the last quarter. Stifel Financial Corp raised its position in GAMCO Global Gold, Natural Resources & Income Trust by 3.4% during the third quarter. Stifel Financial Corp now owns 254,619 shares of the investment management company’s stock valued at $1,090,000 after purchasing an additional 8,423 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in GAMCO Global Gold, Natural Resources & Income Trust by 328.2% during the third quarter. International Assets Investment Management LLC now owns 223,144 shares of the investment management company’s stock valued at $955,000 after purchasing an additional 171,029 shares in the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

NYSEAMERICAN GGN opened at $4.15 on Tuesday. GAMCO Global Gold, Natural Resources & Income Trust has a fifty-two week low of $3.66 and a fifty-two week high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 13th will be paid a $0.03 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.36 annualized dividend and a dividend yield of 8.67%.

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.