GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Saba Capital Management, L.P. Acquires 25,352 Shares of Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. purchased 25,352 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were bought at an average price of $5.38 per share, for a total transaction of $136,393.76. Following the acquisition, the insider now owns 1,804,425 shares in the company, valued at $9,707,806.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, June 11th, Saba Capital Management, L.P. sold 6 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $5.47, for a total value of $32.82.
• On Thursday, June 6th, Saba Capital Management, L.P. purchased 40,788 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were bought at an average price of $5.52 per share, for a total transaction of $225,149.76.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

Shares of NYSE GNT opened at $5.46 on Tuesday. The stock’s 50-day moving average is $5.37 and its two-hundred day moving average is $5.18. GAMCO Natural Resources, Gold & Income Trust has a 1-year low of $4.59 and a 1-year high of $5.59.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, July 17th. This represents a $0.36 annualized dividend and a yield of 6.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 2.1% in the 4th quarter. Raymond James & Associates now owns 201,054 shares of the investment management company’s stock valued at $1,033,000 after acquiring an additional 4,208 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 274.8% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 7,495 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 5,495 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 1st quarter valued at about $57,000. Mutual Advisors LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $62,000. Finally, Capital Wealth Alliance LLC increased its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 8.0% in the 4th quarter. Capital Wealth Alliance LLC now owns 288,673 shares of the investment management company’s stock valued at $1,485,000 after acquiring an additional 21,452 shares during the last quarter.

About GAMCO Natural Resources, Gold & Income Trust

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.