The Gabelli Multimedia Trust Inc. (NYSE:GGT) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its position in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT) by 24.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,365 shares of the financial services provider’s stock after acquiring an additional 26,388 shares during the period. Wolverine Asset Management LLC’s holdings in The Gabelli Multimedia Trust were worth $604,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. PFG Investments LLC bought a new stake in The Gabelli Multimedia Trust during the third quarter valued at $53,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of The Gabelli Multimedia Trust by 94.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,320 shares of the financial services provider’s stock valued at $218,000 after buying an additional 21,501 shares during the period. Quarry LP grew its position in shares of The Gabelli Multimedia Trust by 322.5% during the 3rd quarter. Quarry LP now owns 344,902 shares of the financial services provider’s stock valued at $1,700,000 after buying an additional 263,269 shares during the last quarter. Finally, Absolute Investment Advisers LLC acquired a new stake in The Gabelli Multimedia Trust during the fourth quarter worth about $2,222,000. 10.63% of the stock is currently owned by institutional investors.

The Gabelli Multimedia Trust Price Performance

Shares of NYSE GGT opened at $4.79 on Monday. The firm’s 50-day moving average price is $4.73 and its two-hundred day moving average price is $4.83. The Gabelli Multimedia Trust Inc. has a 52-week low of $4.45 and a 52-week high of $6.12.

The Gabelli Multimedia Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 18.39%. The ex-dividend date of this dividend is Monday, March 17th.

About The Gabelli Multimedia Trust

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.