The Gabelli Multimedia Trust Inc. (NYSE:GGT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.80 and traded as high as $4.80. The Gabelli Multimedia Trust shares last traded at $4.78, with a volume of 58,829 shares changing hands.
The Gabelli Multimedia Trust Stock Down 1.9 %
The firm has a 50 day simple moving average of $4.80 and a two-hundred day simple moving average of $4.80.
The Gabelli Multimedia Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were given a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 19.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of The Gabelli Multimedia Trust during the fourth quarter worth $49,000. One Capital Management LLC bought a new position in The Gabelli Multimedia Trust during the fourth quarter worth about $50,000. Citadel Advisors LLC bought a new position in The Gabelli Multimedia Trust during the fourth quarter worth about $77,000. Wealth Enhancement Advisory Services LLC grew its stake in The Gabelli Multimedia Trust by 33.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,561 shares of the financial services provider's stock valued at $136,000 after acquiring an additional 7,742 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of 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 worth $604,000 after acquiring an additional 26,388 shares in the last quarter. Institutional investors and hedge funds own 10.63% of the company's stock.
About The Gabelli Multimedia Trust
(
Get 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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