GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock Price Breaks Below 200-Day Moving Average – Should You Sell?

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.54 and traded as low as $8.20. GAMCO Natural Resources, Gold & Income Trust shares last traded at $8.2390, with a volume of 110,547 shares trading hands.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

The company has a 50-day simple moving average of $8.84 and a two-hundred day simple moving average of $8.54.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, December 11th. This represents a $0.72 annualized dividend and a dividend yield of 8.8%.

Institutional Investors Weigh In On GAMCO Natural Resources, Gold & Income Trust

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 12.9% during the first quarter. Private Advisor Group LLC now owns 135,051 shares of the investment management company’s stock worth $1,128,000 after purchasing an additional 15,378 shares during the period. Brookstone Capital Management raised its position in shares of GAMCO Natural Resources, Gold & Income Trust by 9.7% in the third quarter. Brookstone Capital Management now owns 72,226 shares of the investment management company’s stock valued at $628,000 after buying an additional 6,397 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 25.8% in the third quarter. Kingswood Wealth Advisors LLC now owns 48,800 shares of the investment management company’s stock valued at $425,000 after buying an additional 10,000 shares during the period. Stephens Inc. AR boosted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 3.1% in the first quarter. Stephens Inc. AR now owns 40,148 shares of the investment management company’s stock valued at $335,000 after buying an additional 1,222 shares during the period. Finally, Wedbush Securities Inc. grew its position in GAMCO Natural Resources, Gold & Income Trust by 14.0% during the second quarter. Wedbush Securities Inc. now owns 23,904 shares of the investment management company’s stock worth $195,000 after buying an additional 2,927 shares in the last quarter.

GAMCO Natural Resources, Gold & Income Trust Company Profile

GAMCO Natural Resources, Gold & Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol GNT. The fund seeks to provide investors with current income and capital appreciation by investing primarily in companies involved in natural resources, gold and other precious metals.

The fund may invest across a range of resource-related industries, including energy, metals and mining, and other businesses tied to the exploration, production, processing or distribution of natural resources.