GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Saba Capital Management, L.P. Sells 33,712 Shares

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 33,712 shares of GAMCO Natural Resources, Gold & Income Trust stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $6.01, for a total transaction of $202,609.12. Following the sale, the insider now owns 1,769,884 shares of the company’s stock, valued at approximately $10,637,002.84. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, April 1st, Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.11, for a total transaction of $15,769.91.
• On Thursday, March 13th, Saba Capital Management, L.P. sold 6,112 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $5.89, for a total value of $35,999.68.
• On Wednesday, March 5th, Saba Capital Management, L.P. sold 14,415 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $5.80, for a total value of $83,607.00.
• On Friday, February 28th, Saba Capital Management, L.P. sold 108 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $5.89, for a total value of $636.12.

GAMCO Natural Resources, Gold & Income Trust Trading Down 3.8 %

Shares of GNT stock opened at $5.33 on Tuesday. GAMCO Natural Resources, Gold & Income Trust has a twelve month low of $5.18 and a twelve month high of $6.16. The stock has a 50 day moving average of $5.86 and a 200 day moving average of $5.80.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Tuesday, April 15th.

Hedge Funds Weigh In On GAMCO Natural Resources, Gold & Income Trust

Several large investors have recently made changes to their positions in the company. LPL Financial LLC increased its holdings in GAMCO Natural Resources, Gold & Income Trust by 1.9% in the fourth quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after buying an additional 3,337 shares in the last quarter. Private Advisor Group LLC grew its position in shares of GAMCO Natural Resources, Gold & Income Trust by 14.6% during the 4th quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 4,017 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $70,000. Alteri Wealth LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $75,000. Finally, Janney Montgomery Scott LLC raised its holdings in GAMCO Natural Resources, Gold & Income Trust by 59.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,651 shares of the investment management company’s stock worth $241,000 after purchasing an additional 16,974 shares during the period.

GAMCO Natural Resources, Gold & Income Trust Company Profile

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.