GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.33 and traded as low as $8.18. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.20, with a volume of 77,740 shares.

GAMCO Natural Resources, Gold & Income Trust Trading Up 0.1%

The firm has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $8.33.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased its stake in GAMCO Natural Resources, Gold & Income Trust by 32.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 17,700 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 4,300 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 270.2% during the 1st quarter. Brookstone Capital Management now owns 52,796 shares of the investment management company’s stock valued at $441,000 after acquiring an additional 38,536 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth approximately $312,000. GatePass Capital LLC grew its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 12.8% in the fourth quarter. GatePass Capital LLC now owns 44,000 shares of the investment management company’s stock worth $328,000 after acquiring an additional 5,000 shares during the period. Finally, Csenge Advisory Group raised its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 33.7% during the fourth quarter. Csenge Advisory Group now owns 14,985 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 3,775 shares during the last quarter.

GAMCO Natural Resources, Gold & Income Trust Company Profile

The GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. The fund primarily invests in equity securities of companies engaged in the natural resources sector, including mining, energy, agriculture and forestry businesses. In addition to selecting resource-oriented equities, the trust employs a covered-call writing strategy on select holdings to generate supplemental income for its shareholders.

Portfolio exposures span a broad range of industries within the natural resources space, such as precious metals producers, base metals miners, oil and gas companies, agricultural firms and related service providers.