GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT - Get Free Report) major shareholder Saba Capital Management, L.P. sold 24,059 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $6.10, for a total transaction of $146,759.90. Following the sale, the insider now owns 1,745,825 shares of the company's stock, valued at approximately $10,649,532.50. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, April 3rd, Saba Capital Management, L.P. sold 33,712 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.01, for a total transaction of $202,609.12.
- On Tuesday, April 1st, Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.11, for a total transaction of $15,769.91.
- On Thursday, March 13th, Saba Capital Management, L.P. sold 6,112 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $5.89, for a total transaction of $35,999.68.
- On Wednesday, March 5th, Saba Capital Management, L.P. sold 14,415 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $5.80, for a total value of $83,607.00.
- On Friday, February 28th, Saba Capital Management, L.P. sold 108 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $5.89, for a total value of $636.12.
GAMCO Natural Resources, Gold & Income Trust Stock Down 0.4 %
Shares of NYSE GNT opened at $5.99 on Friday. GAMCO Natural Resources, Gold & Income Trust has a 1-year low of $5.02 and a 1-year high of $6.16. The business's fifty day moving average price is $5.85 and its two-hundred day moving average price is $5.78.
GAMCO Natural Resources, Gold & Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.02%.
Institutional Trading of GAMCO Natural Resources, Gold & Income Trust
Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 59.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,651 shares of the investment management company's stock valued at $241,000 after purchasing an additional 16,974 shares during the period. RFG Advisory LLC acquired a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at approximately $170,000. PFG Investments LLC increased its position in GAMCO Natural Resources, Gold & Income Trust by 120.5% in the 4th quarter. PFG Investments LLC now owns 99,784 shares of the investment management company's stock valued at $528,000 after acquiring an additional 54,526 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $190,000. Finally, Absolute Investment Advisers LLC bought a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth $228,000.
About GAMCO Natural Resources, Gold & Income Trust
(
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GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.
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