Saba Capital Management, L.P. Sells 33,712 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. sold 33,712 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $6.01, for a total transaction of $202,609.12. Following the completion of the transaction, the insider now owns 1,769,884 shares in the company, valued at $10,637,002.84. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% 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 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 shares were 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 transaction 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 transaction of $636.12.

GAMCO Natural Resources, Gold & Income Trust Trading Up 6.0 %

NYSE:GNT opened at $5.64 on Thursday. The company’s 50-day moving average is $5.84 and its two-hundred day moving average is $5.78. GAMCO Natural Resources, Gold & Income Trust has a 1-year low of $5.02 and a 1-year high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 annualized dividend and a dividend yield of 8.51%.

Hedge Funds Weigh In On GAMCO Natural Resources, Gold & Income Trust

Several large investors have recently made changes to their positions in GNT. Janney Montgomery Scott LLC lifted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 59.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,651 shares of the investment management company’s stock worth $241,000 after acquiring an additional 16,974 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $170,000. PFG Investments LLC lifted its holdings in shares of 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 worth $528,000 after acquiring an additional 54,526 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $190,000. Finally, Absolute Investment Advisers LLC acquired a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $228,000.

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.