The Gabelli Multimedia Trust Inc. (NYSE:GGT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.52 and traded as high as $5.60. The Gabelli Multimedia Trust shares last traded at $5.53, with a volume of 41,276 shares changing hands.
The Gabelli Multimedia Trust Stock Down 2.2 %
The stock's fifty day simple moving average is $5.60 and its 200-day simple moving average is $5.52.
The Gabelli Multimedia Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 16.27%. The ex-dividend date was Wednesday, March 13th.
Hedge Funds Weigh In On The Gabelli Multimedia Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in GGT. Chilton Capital Management LLC acquired a new position in The Gabelli Multimedia Trust in the 1st quarter valued at approximately $34,000. First Manhattan Co. acquired a new position in The Gabelli Multimedia Trust in the 1st quarter valued at approximately $44,000. Raymond James Financial Services Advisors Inc. acquired a new position in The Gabelli Multimedia Trust in the 3rd quarter valued at approximately $62,000. Creative Planning acquired a new position in The Gabelli Multimedia Trust in the 4th quarter valued at approximately $69,000. Finally, Belpointe Asset Management LLC acquired a new position in The Gabelli Multimedia Trust in the 1st quarter valued at approximately $79,000. Institutional investors own 10.63% of the company's stock.
About The Gabelli Multimedia Trust
(
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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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