Saba Capital Management, L.P. Acquires 17,344 Shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. purchased 17,344 shares of GAMCO Natural Resources, Gold & Income Trust stock in a transaction that occurred on Monday, June 24th. The stock was acquired at an average cost of $5.44 per share, with a total value of $94,351.36. Following the transaction, the insider now owns 1,821,769 shares in the company, valued at approximately $9,910,423.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, June 20th, Saba Capital Management, L.P. acquired 25,352 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was acquired at an average cost of $5.38 per share, for a total transaction of $136,393.76.
• 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 transaction of $32.82.
• On Thursday, June 6th, Saba Capital Management, L.P. acquired 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 Price Performance

Shares of GNT stock opened at $5.42 on Thursday. GAMCO Natural Resources, Gold & Income Trust has a 52-week low of $4.59 and a 52-week high of $5.59. The company has a 50-day simple moving average of $5.38 and a two-hundred day simple moving average of $5.18.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 17th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 6.64%. The ex-dividend date is Wednesday, July 17th.

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

A number of hedge funds have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC raised its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 274.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 7,495 shares of the investment management company’s stock worth $39,000 after purchasing an additional 5,495 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in GAMCO Natural Resources, Gold & Income Trust in the first quarter valued at about $57,000. Mutual Advisors LLC bought a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at approximately $62,000. Fortitude Family Office LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $139,000. Finally, PFG Investments LLC bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the 1st quarter worth approximately $442,000.

GAMCO Natural Resources, Gold & Income Trust Company Profile

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.