GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.25 and traded as low as $4.82. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $4.88, with a volume of 566,311 shares traded.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

The firm has a 50-day moving average of $4.94 and a 200-day moving average of $5.25.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.03 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Wednesday, September 16th.

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

Several institutional investors and hedge funds have recently modified their holdings of GGN. Global Retirement Partners LLC lifted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 165.9% in the fourth quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company’s stock worth $30,000 after buying an additional 3,601 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at $51,000. NBC Securities Inc. lifted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 155.6% in the 4th quarter. NBC Securities Inc. now owns 11,500 shares of the investment management company’s stock worth $59,000 after purchasing an additional 7,000 shares in the last quarter. Equitable Holdings Inc. purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter worth $66,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter valued at about $77,000.

About GAMCO Global Gold, Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) is a closed-end management investment company sponsored by GAMCO Investors, Inc The trust seeks to provide current income and secondarily capital appreciation by investing primarily in equity and income‐producing securities of gold, natural resource and other commodity-related issuers. Shares of GGN are traded on the NYSE American exchange, offering investors access to a diversified portfolio of companies involved in mining, energy production and related industries.

The fund’s portfolio typically includes common and preferred stocks, debt instruments, royalty interests and other income-producing securities issued by issuers engaged in exploration, extraction, processing and distribution of precious metals, energy and natural resources.