Quarry LP Has $849,000 Stock Holdings in The Gabelli Multimedia Trust Inc. (NYSE:GGT)

Quarry LP reduced its stake in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT) by 44.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 190,437 shares of the financial services provider’s stock after selling 154,465 shares during the period. Quarry LP’s holdings in The Gabelli Multimedia Trust were worth $849,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of The Gabelli Multimedia Trust by 94.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,320 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 21,501 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in The Gabelli Multimedia Trust in the 4th quarter worth $2,222,000. Commonwealth Equity Services LLC increased its holdings in The Gabelli Multimedia Trust by 2.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 594,648 shares of the financial services provider’s stock worth $2,652,000 after purchasing an additional 16,656 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in The Gabelli Multimedia Trust during the 4th quarter worth about $1,929,000. Finally, One Capital Management LLC acquired a new stake in shares of The Gabelli Multimedia Trust in the 4th quarter valued at about $50,000. Institutional investors own 10.63% of the company’s stock.

The Gabelli Multimedia Trust Stock Up 0.5 %

GGT stock opened at $4.70 on Friday. The Gabelli Multimedia Trust Inc. has a fifty-two week low of $4.00 and a fifty-two week high of $5.98. The business has a 50-day moving average of $4.63 and a 200-day moving average of $4.72.

The Gabelli Multimedia Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 20.45%.

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.