The Gabelli Multimedia Trust Inc. (NYSE:GGT - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.84 and traded as high as $4.90. The Gabelli Multimedia Trust shares last traded at $4.84, with a volume of 59,630 shares trading hands.
The Gabelli Multimedia Trust Trading Down 0.1 %
The business has a fifty day moving average price of $4.76 and a 200 day moving average price of $4.84.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of GGT. Absolute Investment Advisers LLC acquired a new position in shares of The Gabelli Multimedia Trust during the fourth quarter valued at $2,222,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of The Gabelli Multimedia Trust during the fourth quarter valued at $1,929,000. Quarry LP increased its holdings 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 valued at $1,700,000 after purchasing an additional 263,269 shares during the period. Wolverine Asset Management LLC acquired a new position in The Gabelli Multimedia Trust during the third quarter worth about $537,000. Finally, Gamco Investors INC. ET AL grew its holdings in The Gabelli Multimedia Trust by 4.3% during the fourth 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 during the period. 10.63% of the stock is owned by institutional investors and hedge funds.
The Gabelli Multimedia Trust Company Profile
(
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.
Read More
Before you consider The Gabelli Multimedia Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Gabelli Multimedia Trust wasn't on the list.
While The Gabelli Multimedia Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
