Investors Capital Advisory Services buys $2,093,929 stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN)

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) : Investors Capital Advisory Services scooped up 12,968 additional shares in GAMCO Global Gold Ntrl Rsrcs & Incm Trst during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 317,262 shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst which is valued at $2,093,929.GAMCO Global Gold Ntrl Rsrcs & Incm Trst makes up approximately 0.40% of Investors Capital Advisory Services’s portfolio.

Other Hedge Funds, Including , Wedbush Securities Inc boosted its stake in GGN in the latest quarter, The investment management firm added 14,679 additional shares and now holds a total of 71,744 shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst which is valued at $473,510. GAMCO Global Gold Ntrl Rsrcs & Incm Trst makes up approx 0.08% of Wedbush Securities Inc’s portfolio.Orca Investment Management reduced its stake in GGN by selling 300 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 26,025 shares of GGN which is valued at $169,423. GAMCO Global Gold Ntrl Rsrcs & Incm Trst makes up approx 0.16% of Orca Investment Management’s portfolio. Iowa State Bank added GGN to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $5,280.

GAMCO Global Gold Ntrl Rsrcs & Incm Trst opened for trading at $6.59 and hit $6.66 on the upside on Monday, eventually ending the session at $6.65, with a gain of 0.91% or 0.06 points. The heightened volatility saw the trading volume jump to 6,24,322 shares. Company has a market cap of $749 M.

GAMCO Global Gold Natural Resources & Income Trust (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciation consistent with the Fund’s strategy and its primary objective. The Fund will attempt to achieve its objectives under normal market conditions by investing around 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries. As part of its investment strategy the Fund intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio. Its portfolio includes investments in sectors such as metals and mining energy and energy services and the United States Government obligations among others. The Fund is managed by Gabelli Funds LLC which is affiliated with GAMCO Investors Inc.

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