Formidable Asset Management LLC Lowers Holdings in GAMCO Global Gold, Natural Resources & Income Trust $GGN

Formidable Asset Management LLC reduced its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) by 10.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,433,817 shares of the investment management company’s stock after selling 171,145 shares during the period. GAMCO Global Gold, Natural Resources & Income Trust makes up approximately 1.1% of Formidable Asset Management LLC’s portfolio, making the stock its 17th biggest holding. Formidable Asset Management LLC’s holdings in GAMCO Global Gold, Natural Resources & Income Trust were worth $7,391,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 9.4% in the second quarter. Bank of America Corp DE now owns 946,230 shares of the investment management company’s stock worth $4,154,000 after buying an additional 81,045 shares during the last quarter. Private Advisor Group LLC raised its position in GAMCO Global Gold, Natural Resources & Income Trust by 23.4% during the third quarter. Private Advisor Group LLC now owns 707,202 shares of the investment management company’s stock valued at $3,646,000 after acquiring an additional 134,315 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 101.9% in the second quarter. Osaic Holdings Inc. now owns 567,969 shares of the investment management company’s stock valued at $2,493,000 after acquiring an additional 286,667 shares during the period. Raymond James Financial Inc. lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 5.5% in the third quarter. Raymond James Financial Inc. now owns 485,361 shares of the investment management company’s stock valued at $2,502,000 after acquiring an additional 25,253 shares during the period. Finally, Eastern Bank boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 74.5% in the 4th quarter. Eastern Bank now owns 384,930 shares of the investment management company’s stock worth $1,986,000 after purchasing an additional 164,380 shares in the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Stock Down 0.4%

Shares of NYSEAMERICAN GGN opened at $5.40 on Friday. GAMCO Global Gold, Natural Resources & Income Trust has a 12 month low of $3.68 and a 12 month high of $5.88. The firm’s 50 day simple moving average is $5.46 and its 200-day simple moving average is $5.21.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

GAMCO Global Gold, Natural Resources & Income Trust 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.