Wolverine Asset Management LLC purchased a new stake in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 108,977 shares of the financial services provider's stock, valued at approximately $537,000. Wolverine Asset Management LLC owned approximately 0.39% of The Gabelli Multimedia Trust at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP bought a new stake in The Gabelli Multimedia Trust during the 2nd quarter valued at $438,000. Atomi Financial Group Inc. grew its stake in The Gabelli Multimedia Trust by 7.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 53,947 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 3,854 shares during the last quarter. PFG Investments LLC purchased a new stake in The Gabelli Multimedia Trust during the 3rd quarter valued at about $53,000. NBC Securities Inc. purchased a new stake in The Gabelli Multimedia Trust during the 3rd quarter valued at about $29,000. Finally, Beacon Capital Management LLC acquired a new position in shares of The Gabelli Multimedia Trust in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 10.63% of the company's stock.
The Gabelli Multimedia Trust Stock Performance
Shares of GGT stock traded up $0.03 on Thursday, hitting $4.78. The company had a trading volume of 37,325 shares, compared to its average volume of 76,713. The company has a 50-day moving average price of $4.82 and a 200-day moving average price of $5.15. The Gabelli Multimedia Trust Inc. has a twelve month low of $4.56 and a twelve month high of $6.25.
The Gabelli Multimedia Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 18.41%.
About The Gabelli Multimedia Trust
(
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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