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) shares 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 Price Performance

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

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. Investors of record on Wednesday, September 16th will be issued a $0.03 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

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

Several large investors have recently added to or reduced their stakes in the company. RFG Advisory LLC boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 8.6% in the first quarter. RFG Advisory LLC now owns 26,190 shares of the investment management company’s stock worth $139,000 after purchasing an additional 2,071 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of 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 valued at $107,000 after purchasing an additional 2,789 shares during the period. Ashton Thomas Securities LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 2.4% during the 4th quarter. Ashton Thomas Securities LLC now owns 125,705 shares of the investment management company’s stock valued at $649,000 after buying an additional 3,005 shares in the last quarter. Carnegie Lake Advisors LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.2% during the 4th quarter. Carnegie Lake Advisors LLC now owns 111,481 shares of the investment management company’s stock valued at $575,000 after buying an additional 3,500 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 165.9% in the 4th 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 during the period.

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.