Raymond James Financial Inc. Buys New Stake in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)

Raymond James Financial Inc. purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 341,439 shares of the investment management company’s stock, valued at approximately $1,806,000.

A number of other institutional investors also recently added to or reduced their stakes in GNT. Wolverine Asset Management LLC bought a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at $236,000. Private Advisor Group LLC grew its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 14.6% in the 4th quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock worth $167,000 after purchasing an additional 4,017 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth about $228,000. Kingswood Wealth Advisors LLC bought a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at about $190,000. Finally, PFG Investments LLC boosted its position in GAMCO Natural Resources, Gold & Income Trust by 120.5% in the fourth quarter. PFG Investments LLC now owns 99,784 shares of the investment management company’s stock valued at $528,000 after buying an additional 54,526 shares in the last quarter.

Insider Activity at GAMCO Natural Resources, Gold & Income Trust

In other GAMCO Natural Resources, Gold & Income Trust news, major shareholder Saba Capital Management, L.P. sold 6,112 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.89, for a total transaction of $35,999.68. Following the sale, the insider now owns 1,806,177 shares of the company’s stock, valued at $10,638,382.53. This represents a 0.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 20,635 shares of company stock valued at $120,243 in the last three months.

GAMCO Natural Resources, Gold & Income Trust Stock Up 0.9 %

Shares of GAMCO Natural Resources, Gold & Income Trust stock opened at $6.09 on Tuesday. The firm’s 50-day moving average price is $5.85 and its two-hundred day moving average price is $5.80. GAMCO Natural Resources, Gold & Income Trust has a 1-year low of $5.09 and a 1-year high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.48 dividend on an annualized basis and a yield of 7.88%.

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.