GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN – Get Free Report) announced a monthly dividend on Wednesday, November 11th. Investors of record on Thursday, February 11th will be paid a dividend of $0.0350 per share by the investment management company on Friday, February 19th. This represents a $0.42 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, February 11th.
GAMCO Global Gold, Natural Resources & Income Trust Stock Performance
GAMCO Global Gold, Natural Resources & Income Trust stock opened at $5.10 on Friday. The stock’s fifty day moving average price is $5.31 and its two-hundred day moving average price is $5.28. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $4.69 and a one year high of $5.88.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of GGN. Baird Financial Group Inc. raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 2.8% in the second quarter. Baird Financial Group Inc. now owns 83,877 shares of the investment management company’s stock valued at $406,000 after purchasing an additional 2,261 shares in the last quarter. HighTower Advisors LLC grew its stake in GAMCO Global Gold, Natural Resources & Income Trust by 21.4% during the third quarter. HighTower Advisors LLC now owns 15,191 shares of the investment management company’s stock worth $80,000 after buying an additional 2,680 shares in the last quarter. Wedbush Securities Inc. grew its stake in GAMCO Global Gold, Natural Resources & Income Trust by 6.6% during the third quarter. Wedbush Securities Inc. now owns 52,356 shares of the investment management company’s stock worth $276,000 after buying an additional 3,252 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 3.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 112,930 shares of the investment management company’s stock valued at $547,000 after buying an additional 3,322 shares during the period. Finally, Texas Yale Capital Corp. increased its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 8.9% in the 3rd quarter. Texas Yale Capital Corp. now owns 43,000 shares of the investment management company’s stock valued at $227,000 after buying an additional 3,500 shares during the period.
About GAMCO Global Gold, Natural Resources & Income Trust
GAMCO Global Gold, Natural Resources & Income Trust is a closed-end investment company listed on the NYSE American under the symbol GGN. The fund seeks to provide a high level of current income while also pursuing long-term capital appreciation through investments in companies involved in gold and other natural-resource industries. The fund invests primarily in equity securities of businesses engaged in the exploration, development, production, processing, or distribution of gold and other natural resources.
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