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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.29 and traded as low as $5.15. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $5.15, with a volume of 535,821 shares traded.

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

The firm has a 50 day moving average price of $5.32 and a 200-day moving average price of $5.29.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

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 paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 8.5% during the first quarter. Bank of America Corp DE now owns 1,292,854 shares of the investment management company’s stock valued at $6,878,000 after buying an additional 101,590 shares during the last quarter. Assetmark Inc. boosted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 40.0% during the 1st quarter. Assetmark Inc. now owns 14,556 shares of the investment management company’s stock valued at $77,000 after acquiring an additional 4,156 shares during the period. Calamos Advisors LLC lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 59.9% during the first quarter. Calamos Advisors LLC now owns 136,525 shares of the investment management company’s stock worth $726,000 after purchasing an additional 51,121 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the first quarter worth about $121,000. Finally, Sovran Advisors LLC boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 0.9% in the 1st quarter. Sovran Advisors LLC now owns 957,497 shares of the investment management company’s stock valued at $5,056,000 after buying an additional 8,987 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.