The Gabelli Multimedia Trust Inc. (NYSE:GGT - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.86 and traded as high as $4.94. The Gabelli Multimedia Trust shares last traded at $4.87, with a volume of 70,661 shares trading hands.
The Gabelli Multimedia Trust Stock Performance
The company has a 50 day moving average of $4.78 and a 200 day moving average of $4.86.
The Gabelli Multimedia Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a yield of 17.94%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Absolute Investment Advisers LLC bought a new position in The Gabelli Multimedia Trust during the 4th quarter worth about $2,222,000. Quarry LP boosted its position in shares of The Gabelli Multimedia Trust by 322.5% during the third quarter. Quarry LP now owns 344,902 shares of the financial services provider's stock worth $1,700,000 after buying an additional 263,269 shares during the period. Wolverine Asset Management LLC bought a new position in shares of The Gabelli Multimedia Trust during the third quarter worth about $537,000. Wealth Enhancement Advisory Services LLC raised its position in The Gabelli Multimedia Trust by 94.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,320 shares of the financial services provider's stock valued at $218,000 after buying an additional 21,501 shares during the last quarter. Finally, PFG Investments LLC acquired a new position in The Gabelli Multimedia Trust during the 3rd quarter worth approximately $53,000. Institutional investors own 10.63% of the company's stock.
The Gabelli Multimedia Trust Company Profile
(
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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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