Key Points
- Director Elizabeth Bogan bought 2,000 shares on Feb. 17 at an average price of $5.53, a $11,060 purchase that raised her direct stake to 2,000 shares.
- The trust announced a monthly dividend of $0.03 per share payable June 23 to holders of record June 15, implying an annualized yield of about 6.5%.
- Several institutions materially increased positions in GGN recently, including large additions by Wolverine Asset Management, Capital Wealth Alliance, Cornerstone Advisors, Osaic Holdings and Kestra Advisory.
GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN - Get Free Report) Director Elizabeth Bogan bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average cost of $5.53 per share, for a total transaction of $11,060.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at approximately $11,060. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
GAMCO Global Gold, Natural Resources & Income Trust Trading Up 0.5%
Shares of NYSEAMERICAN:GGN opened at $5.52 on Thursday. GAMCO Global Gold, Natural Resources & Income Trust has a 12 month low of $3.68 and a 12 month high of $5.77. The company's fifty day moving average price is $5.35 and its 200 day moving average price is $5.05.
GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be issued a $0.03 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, June 15th.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at approximately $3,172,000. Capital Wealth Alliance LLC boosted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 123.5% during the 4th quarter. Capital Wealth Alliance LLC now owns 650,660 shares of the investment management company's stock worth $3,357,000 after purchasing an additional 359,530 shares during the period. Cornerstone Advisors LLC grew its position in GAMCO Global Gold, Natural Resources & Income Trust by 90.2% during the 2nd quarter. Cornerstone Advisors LLC now owns 754,825 shares of the investment management company's stock worth $3,314,000 after purchasing an additional 357,893 shares during the last quarter. Osaic Holdings Inc. increased its stake 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 purchasing an additional 286,667 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings 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 buying an additional 233,988 shares during the last quarter.
About GAMCO Global Gold, Natural Resources & Income Trust
(
Get Free Report)
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.
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