The Gabelli Multimedia Trust Inc. (NYSE:GGT) Shares Sold by Quarry LP

Quarry LP lessened its holdings in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT - Free Report) by 44.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 190,437 shares of the financial services provider's stock after selling 154,465 shares during the quarter. Quarry LP owned about 0.67% of The Gabelli Multimedia Trust worth $849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GGT. One Capital Management LLC bought a new position in shares of The Gabelli Multimedia Trust during the 4th quarter valued at approximately $50,000. Commonwealth Equity Services LLC increased its stake in The Gabelli Multimedia Trust by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 594,648 shares of the financial services provider's stock worth $2,652,000 after buying an additional 16,656 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of 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 buying an additional 21,501 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of The Gabelli Multimedia Trust by 24.2% in the 4th quarter. Wolverine Asset Management LLC now owns 135,365 shares of the financial services provider's stock valued at $604,000 after purchasing an additional 26,388 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of The Gabelli Multimedia Trust by 4.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,249,218 shares of the financial services provider's stock worth $5,572,000 after acquiring an additional 51,591 shares in the last quarter. Institutional investors own 10.63% of the company's stock.

The Gabelli Multimedia Trust Price Performance

NYSE GGT traded up $0.02 during trading on Friday, hitting $4.47. The company's stock had a trading volume of 60,138 shares, compared to its average volume of 97,842. The business's 50 day simple moving average is $4.61 and its 200-day simple moving average is $4.72. The Gabelli Multimedia Trust Inc. has a fifty-two week low of $4.00 and a fifty-two week high of $5.98.

The Gabelli Multimedia Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 21.48%. The ex-dividend date is Friday, June 13th.

The Gabelli Multimedia Trust Profile

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.