Sit Investment Associates Inc. decreased its position in shares of Gabelli Multimedia Trust Inc. (NYSE:GGT - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,669,487 shares of the financial services provider's stock after selling 181,761 shares during the quarter. Sit Investment Associates Inc. owned 5.00% of Gabelli Multimedia Trust worth $7,730,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Gabelli Multimedia Trust during the 4th quarter worth approximately $49,000. Citadel Advisors LLC purchased a new stake in shares of Gabelli Multimedia Trust during the 4th quarter worth approximately $77,000. Avantax Advisory Services Inc. purchased a new stake in shares of Gabelli Multimedia Trust during the 1st quarter worth approximately $93,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Gabelli Multimedia Trust by 33.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,561 shares of the financial services provider's stock worth $136,000 after acquiring an additional 7,742 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Gabelli Multimedia Trust by 16.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 38,450 shares of the financial services provider's stock valued at $178,000 after buying an additional 5,512 shares in the last quarter. Hedge funds and other institutional investors own 10.63% of the company's stock.
Gabelli Multimedia Trust Price Performance
GGT stock traded up $0.0150 on Wednesday, reaching $4.1850. The company had a trading volume of 85,245 shares, compared to its average volume of 136,888. Gabelli Multimedia Trust Inc. has a 1 year low of $3.75 and a 1 year high of $5.15. The company's fifty day moving average is $4.18 and its 200 day moving average is $4.40.
Gabelli Multimedia Trust Announces Dividend
The business also recently announced a dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 1,986.0%.
Gabelli Multimedia Trust Profile
(
Free Report)
The Gabelli Multimedia Trust Inc is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries.
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