Quarry LP reduced its position in Gabelli Multimedia Trust Inc. (NYSE:GGT - Free Report) by 70.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,206 shares of the financial services provider's stock after selling 134,231 shares during the quarter. Quarry LP owned about 0.17% of Gabelli Multimedia Trust worth $260,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of GGT. Avantax Advisory Services Inc. bought a new position in Gabelli Multimedia Trust in the 1st quarter valued at about $93,000. Citadel Advisors LLC bought a new position in Gabelli Multimedia Trust in the 4th quarter valued at about $77,000. Jane Street Group LLC bought a new position in Gabelli Multimedia Trust in the 4th quarter valued at about $49,000. Wealth Enhancement Advisory Services LLC increased its holdings in Gabelli Multimedia Trust by 33.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,561 shares of the financial services provider's stock valued at $136,000 after buying an additional 7,742 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings 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 during the period. 10.63% of the stock is owned by institutional investors.
Gabelli Multimedia Trust Price Performance
GGT stock traded down $0.01 during mid-day trading on Wednesday, hitting $4.26. The stock had a trading volume of 203,050 shares, compared to its average volume of 128,199. The firm has a fifty day simple moving average of $4.24 and a 200 day simple moving average of $4.35. Gabelli Multimedia Trust Inc. has a 52 week low of $3.75 and a 52 week high of $5.14.
Gabelli Multimedia Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 19.7%.
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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