Key Points
- Director sale: GAMCO Global Gold, Natural Resources & Income Trust director Anthonie Vanekris sold 2,300 shares on February 18 at an average price of $5.58, totaling about $12,834.
- Dividend update: The trust announced a monthly dividend of $0.03 per share, payable September 23 to shareholders of record on September 16, implying an annualized yield of about 7.0%.
- Stock and ownership activity: GGN recently traded around $5.13, near its 50-day and 200-day moving averages of $5.31, while several institutional investors increased or initiated positions in the fund.
GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN - Get Free Report) Director Anthonie Vanekris sold 2,300 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $5.58, for a total transaction of $12,834.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
GAMCO Global Gold, Natural Resources & Income Trust Stock Performance
Shares of NYSEAMERICAN GGN opened at $5.13 on Tuesday. The firm has a 50 day moving average price of $5.31 and a 200 day moving average price of $5.31. GAMCO Global Gold, Natural Resources & Income Trust has a 52-week low of $4.31 and a 52-week high of $5.88.
GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 7.0%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 165.9% during the fourth quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company's stock valued at $30,000 after purchasing an additional 3,601 shares during the period. Hilton Head Capital Partners LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at approximately $51,000. Assetmark Inc. boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 166.7% in the third quarter. Assetmark Inc. now owns 10,400 shares of the investment management company's stock valued at $54,000 after buying an additional 6,500 shares during the period. NBC Securities Inc. boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 155.6% in the fourth quarter. NBC Securities Inc. now owns 11,500 shares of the investment management company's stock valued at $59,000 after buying an additional 7,000 shares during the period. Finally, Equitable Holdings Inc. acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at approximately $66,000.
GAMCO Global Gold, Natural Resources & Income Trust Company Profile
(
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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