GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Breaks Below 200 Day Moving Average – Time to Sell?

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $8.54 and traded as low as $8.20. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.2390, with a volume of 110,547 shares.

GAMCO Natural Resources, Gold & Income Trust Trading Down 2.6%

The company’s 50-day simple moving average is $8.86 and its 200-day simple moving average is $8.54.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be paid a $0.06 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.72 annualized dividend and a dividend yield of 8.7%.

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC increased its position in GAMCO Natural Resources, Gold & Income Trust by 12.9% in the 1st quarter. Private Advisor Group LLC now owns 135,051 shares of the investment management company’s stock valued at $1,128,000 after acquiring an additional 15,378 shares during the period. Brookstone Capital Management increased its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 9.7% in the 3rd quarter. Brookstone Capital Management now owns 72,226 shares of the investment management company’s stock valued at $628,000 after acquiring an additional 6,397 shares in the last quarter. Stephens Inc. AR boosted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 3.1% during the 1st quarter. Stephens Inc. AR now owns 40,148 shares of the investment management company’s stock worth $335,000 after purchasing an additional 1,222 shares in the last quarter. Wedbush Securities Inc. grew its position in GAMCO Natural Resources, Gold & Income Trust by 14.0% in the 2nd quarter. Wedbush Securities Inc. now owns 23,904 shares of the investment management company’s stock valued at $195,000 after purchasing an additional 2,927 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 10.7% in the first quarter. Cetera Investment Advisers now owns 17,924 shares of the investment management company’s stock worth $150,000 after purchasing an additional 1,739 shares during the last quarter.

About GAMCO Natural Resources, Gold & Income Trust

GAMCO Natural Resources, Gold & Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol GNT. The fund seeks to provide investors with current income and capital appreciation by investing primarily in companies involved in natural resources, gold and other precious metals.

The fund may invest across a range of resource-related industries, including energy, metals and mining, and other businesses tied to the exploration, production, processing or distribution of natural resources.