GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 432,582 shares of the financial services provider's stock, valued at approximately $1,929,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 1.53% of The Gabelli Multimedia Trust as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. One Capital Management LLC acquired a new stake in The Gabelli Multimedia Trust during the fourth quarter worth about $50,000. Commonwealth Equity Services LLC grew its holdings in shares of The Gabelli Multimedia Trust by 2.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 594,648 shares of the financial services provider's stock worth $2,652,000 after purchasing an additional 16,656 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in The Gabelli Multimedia Trust by 94.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,320 shares of the financial services provider's stock worth $218,000 after purchasing an additional 21,501 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in The Gabelli Multimedia Trust by 24.2% in the fourth quarter. Wolverine Asset Management LLC now owns 135,365 shares of the financial services provider's stock valued at $604,000 after buying an additional 26,388 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in The Gabelli Multimedia Trust by 4.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,249,218 shares of the financial services provider's stock valued at $5,572,000 after buying an additional 51,591 shares in the last quarter. 10.63% of the stock is owned by hedge funds and other institutional investors.
The Gabelli Multimedia Trust Price Performance
GGT traded up $0.09 during trading on Friday, hitting $4.51. 28,641 shares of the company's stock were exchanged, compared to its average volume of 95,266. The stock has a 50 day moving average price of $4.65 and a 200 day moving average price of $4.73. The Gabelli Multimedia Trust Inc. has a 1 year low of $4.00 and a 1 year high of $5.98.
The Gabelli Multimedia Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 21.29%. The ex-dividend date is Friday, June 13th.
The Gabelli Multimedia Trust Company Profile
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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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