Commonwealth Equity Services LLC lifted its position in The Gabelli Multimedia Trust Inc. (NYSE:GGT – Get Rating) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,390 shares of the financial services provider's stock after buying an additional 4,412 shares during the period. Commonwealth Equity Services LLC owned about 1.76% of The Gabelli Multimedia Trust worth $2,777,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new stake in shares of The Gabelli Multimedia Trust in the second quarter worth about $43,000. First Manhattan Co. acquired a new stake in The Gabelli Multimedia Trust during the 1st quarter worth approximately $44,000. Bank of America Corp DE lifted its stake in The Gabelli Multimedia Trust by 23.0% in the first quarter. Bank of America Corp DE now owns 10,328 shares of the financial services provider's stock valued at $95,000 after buying an additional 1,933 shares in the last quarter. UBS Group AG boosted its holdings in shares of The Gabelli Multimedia Trust by 12.5% in the second quarter. UBS Group AG now owns 13,142 shares of the financial services provider's stock valued at $95,000 after buying an additional 1,458 shares during the period. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of The Gabelli Multimedia Trust during the second quarter worth $102,000. Institutional investors and hedge funds own 5.58% of the company's stock.
Get The Gabelli Multimedia Trust alerts:The Gabelli Multimedia Trust Stock Performance
Shares of NYSE:GGT opened at $5.92 on Friday. The Gabelli Multimedia Trust Inc. has a 12 month low of $5.10 and a 12 month high of $9.41. The company's fifty day simple moving average is $5.73 and its 200 day simple moving average is $6.16.
The Gabelli Multimedia Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 14.86%. The ex-dividend date of this dividend is Thursday, March 16th.
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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