GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) Share Price Passes Above 50 Day Moving Average of $ 0.00


Shares of GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN – Get Rating) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $ 0.00 and traded as high as $ 3.43. GAMCO Global Gold, Natural Resources & Income Trust shares last traded at $ 3.38, with a volume of 903,477 shares.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 16th will be given a dividend of $ 0.03 per share. This represents a $ 0.36 annualized dividend and a dividend yield of 10.65%. The ex-dividend date is Thursday, September 15th.

A number of hedge funds and other institutional investors have recently bought and sold shares of GGN. Formidable Asset Management LLC raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 787.3% during the 1st quarter. Formidable Asset Management LLC now owns 1,846,391 shares of the investment management company’s stock worth $ 7,441,000 after purchasing an additional 1,638,305 shares during the period. Wolverine Asset Management LLC raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 17,036.8% during the 1st quarter. Wolverine Asset Management LLC now owns 181,136 shares of the investment management company’s stock worth $ 729,000 after purchasing an additional 180,079 shares during the period. Bank of Montreal Can raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 168.4% in the 1st quarter. Bank of Montreal Can now owns 203,911 shares of the investment management company’s stock valued at $ 870,000 after acquiring an additional 127,936 shares during the period. Doliver Advisors LP raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 393.4% in the 4th quarter. Doliver Advisors LP now owns 127,784 shares of the investment management company’s stock valued at $ 478,000 after acquiring an additional 101,887 shares during the period. Finally, Walleye Capital LLC bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the 1st quarter valued at about $ 394,000.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile (NYSEAMERICAN: GGN)

GAMCO Global Gold, Natural Resources & 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 the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of gold, or the financing, managing and controlling, or operating of companies engaged in gold related activities.

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