Saba Capital Management, L.P. Sells 4,497 Shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 4,497 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $6.45, for a total value of $29,005.65. Following the completion of the sale, the insider now owns 1,712,853 shares of the company’s stock, valued at approximately $11,047,901.85. The trade was a 0.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 Friday, June 20th, Saba Capital Management, L.P. sold 12,616 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.47, for a total value of $81,625.52.
• On Wednesday, June 18th, Saba Capital Management, L.P. sold 2,172 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.50, for a total transaction of $14,118.00.
• On Tuesday, June 17th, Saba Capital Management, L.P. sold 4,607 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.55, for a total transaction of $30,175.85.
• On Monday, June 16th, Saba Capital Management, L.P. sold 9,080 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.52, for a total transaction of $59,201.60.
• On Wednesday, April 16th, Saba Capital Management, L.P. sold 24,059 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.10, for a total transaction of $146,759.90.
• On Thursday, April 3rd, Saba Capital Management, L.P. sold 33,712 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.01, for a total value of $202,609.12.
• On Tuesday, April 1st, Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.11, for a total value of $15,769.91.

GAMCO Natural Resources, Gold & Income Trust Trading Down 0.5%

NYSE:GNT opened at $6.26 on Thursday. The stock has a 50-day moving average price of $6.18 and a 200 day moving average price of $5.89. GAMCO Natural Resources, Gold & Income Trust has a 12-month low of $5.02 and a 12-month high of $6.62.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 7.67%.

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

Several institutional investors and hedge funds have recently modified their holdings of GNT. Raymond James Financial Inc. bought a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth $1,806,000. LPL Financial LLC boosted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 1.9% during the 4th quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after purchasing an additional 3,337 shares during the last quarter. Sit Investment Associates Inc. boosted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 42.4% during the 1st quarter. Sit Investment Associates Inc. now owns 172,507 shares of the investment management company’s stock valued at $1,051,000 after purchasing an additional 51,332 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of GAMCO Natural Resources, Gold & Income Trust by 67.4% during the first quarter. Janney Montgomery Scott LLC now owns 76,416 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 30,765 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 109.4% in the first quarter. Private Advisor Group LLC now owns 66,038 shares of the investment management company’s stock worth $402,000 after purchasing an additional 34,500 shares during the last quarter.

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.