Wealth Enhancement Advisory Services LLC Acquires 21,501 Shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT)

Wealth Enhancement Advisory Services LLC boosted its position in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT) by 94.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,320 shares of the financial services provider’s stock after purchasing an additional 21,501 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.16% of The Gabelli Multimedia Trust worth $218,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in shares of The Gabelli Multimedia Trust in the 3rd quarter valued at about $29,000. PFG Investments LLC bought a new position in shares of The Gabelli Multimedia Trust in the third quarter valued at about $53,000. Atomi Financial Group Inc. boosted its holdings in shares of The Gabelli Multimedia Trust by 7.7% during the third quarter. Atomi Financial Group Inc. now owns 53,947 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 3,854 shares during the period. Quarry LP acquired a new stake in shares of The Gabelli Multimedia Trust during the second quarter worth $438,000. Finally, Wolverine Asset Management LLC bought a new stake in The Gabelli Multimedia Trust in the 3rd quarter valued at about $537,000. Institutional investors own 10.63% of the company’s stock.

The Gabelli Multimedia Trust Price Performance

Shares of NYSE GGT opened at $4.71 on Friday. The business has a fifty day moving average price of $4.78 and a two-hundred day moving average price of $4.88. The Gabelli Multimedia Trust Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $6.12.

The Gabelli Multimedia Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 18.68%. The ex-dividend date of this dividend was Friday, December 13th.

The Gabelli Multimedia Trust Company Profile

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.