Insider Buying: GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Director Acquires 2,000 Shares of Stock

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Director Elizabeth Bogan acquired 2,000 shares of GAMCO Global Gold, Natural Resources & Income Trust stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average cost of $5.53 per share, with a total value of $11,060.00. Following the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at approximately $11,060. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

GAMCO Global Gold, Natural Resources & Income Trust Stock Up 0.3%

GAMCO Global Gold, Natural Resources & Income Trust stock traded up $0.02 during trading hours on Wednesday, hitting $5.51. 525,002 shares of the company traded hands, compared to its average volume of 804,554. The firm’s 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $5.05. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $3.68 and a 1-year high of $5.77.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be given a $0.03 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, June 15th.

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

A number of hedge funds have recently modified their holdings of GGN. Wolverine Asset Management LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter valued at $3,172,000. Capital Wealth Alliance LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 123.5% during the fourth quarter. Capital Wealth Alliance LLC now owns 650,660 shares of the investment management company’s stock worth $3,357,000 after buying an additional 359,530 shares during the last quarter. Cornerstone Advisors LLC raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 90.2% in the 2nd quarter. Cornerstone Advisors LLC now owns 754,825 shares of the investment management company’s stock valued at $3,314,000 after acquiring an additional 357,893 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 101.9% during the 2nd quarter. Osaic Holdings Inc. now owns 567,969 shares of the investment management company’s stock worth $2,493,000 after buying an additional 286,667 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 51.9% in the fourth quarter. Kestra Advisory Services LLC now owns 684,566 shares of the investment management company’s stock valued at $3,532,000 after purchasing an additional 233,988 shares during the last quarter.

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.