GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Passes Below 200-Day Moving Average – What’s Next?

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.27 and traded as low as $4.77. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $4.79, with a volume of 1,545,248 shares changing hands.

GAMCO Global Gold, Natural Resources & Income Trust Trading Down 1.0%

The firm has a fifty day simple moving average of $4.98 and a 200-day simple moving average of $5.27.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

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

Several hedge funds have recently added to or reduced their stakes in GGN. RFG Advisory LLC increased its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 8.6% during the first quarter. RFG Advisory LLC now owns 26,190 shares of the investment management company’s stock worth $139,000 after acquiring an additional 2,071 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 15.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,716 shares of the investment management company’s stock worth $107,000 after purchasing an additional 2,789 shares in the last quarter. Ashton Thomas Securities LLC raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 2.4% in the 4th quarter. Ashton Thomas Securities LLC now owns 125,705 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 3,005 shares during the period. Carnegie Lake Advisors LLC raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.2% in the 4th quarter. Carnegie Lake Advisors LLC now owns 111,481 shares of the investment management company’s stock valued at $575,000 after purchasing an additional 3,500 shares during the period. Finally, 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 valued at $30,000 after purchasing an additional 3,601 shares in the last quarter.

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.