GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Sells $202,609.12 in Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 33,712 shares of the business’s stock in a transaction 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 transaction, the insider now owns 1,769,884 shares of the company’s stock, valued at $10,637,002.84. This represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% 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 transaction 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 stock was sold at an average price of $5.80, for a total transaction 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 transaction of $636.12.

GAMCO Natural Resources, Gold & Income Trust Trading Up 6.0 %

Shares of GAMCO Natural Resources, Gold & Income Trust stock opened at $5.64 on Thursday. The firm has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $5.78. GAMCO Natural Resources, Gold & Income Trust has a fifty-two week low of $5.02 and a fifty-two week high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a $0.04 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.51%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GNT. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth about $70,000. Alteri Wealth LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth about $75,000. Samalin Investment Counsel LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth about $93,000. Private Advisor Group LLC increased its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 14.6% during the fourth quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock worth $167,000 after purchasing an additional 4,017 shares in the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth about $170,000.

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.