Sheaff Brock Investment Advisors LLC Raises Position in The Gabelli Multimedia Trust Inc. (NYSE:GGT)

Sheaff Brock Investment Advisors LLC raised its stake in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGTGet Rating) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,073 shares of the financial services provider’s stock after purchasing an additional 1,675 shares during the period. Sheaff Brock Investment Advisors LLC owned 0.06% of The Gabelli Multimedia Trust worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GGT. Commonwealth Equity Services LLC raised its position in The Gabelli Multimedia Trust by 12.8% during the first quarter. Commonwealth Equity Services LLC now owns 437,699 shares of the financial services provider’s stock valued at $4,031,000 after purchasing an additional 49,685 shares during the period. Gamco Investors INC. ET AL raised its position in The Gabelli Multimedia Trust by 4.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,223,932 shares of the financial services provider’s stock valued at $10,624,000 after purchasing an additional 48,085 shares during the period. Wealth Effects LLC purchased a new stake in shares of The Gabelli Multimedia Trust in the fourth quarter worth approximately $167,000. Level Four Advisory Services LLC purchased a new stake in shares of The Gabelli Multimedia Trust in the fourth quarter worth approximately $153,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of The Gabelli Multimedia Trust in the fourth quarter worth approximately $30,000. 13.18% of the stock is currently owned by hedge funds and other institutional investors.

The Gabelli Multimedia Trust Trading Up 0.3 %

Shares of NYSE GGT opened at $7.26 on Friday. The business’s 50 day moving average price is $7.38 and its 200-day moving average price is $7.98. The Gabelli Multimedia Trust Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $9.64.

The Gabelli Multimedia Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Wednesday, June 15th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.88 annualized dividend and a dividend yield of 12.12%.

The Gabelli Multimedia Trust Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for The Gabelli Multimedia Trust (NYSE:GGT)

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