The Gabelli Multimedia Trust Inc. (NYSE:GGT) Stock Holdings Lessened by Belpointe Asset Management LLC

Belpointe Asset Management LLC decreased its holdings in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT) by 15.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,992 shares of the financial services provider’s stock after selling 3,000 shares during the period. Belpointe Asset Management LLC’s holdings in The Gabelli Multimedia Trust were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GGT. One Capital Management LLC bought a new position in shares of The Gabelli Multimedia Trust during the fourth quarter valued at approximately $50,000. Wealth Enhancement Advisory Services LLC grew its stake in The Gabelli Multimedia Trust by 94.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,320 shares of the financial services provider’s stock worth $218,000 after buying an additional 21,501 shares during the last quarter. Wolverine Asset Management LLC increased its position in The Gabelli Multimedia Trust by 24.2% in the fourth quarter. Wolverine Asset Management LLC now owns 135,365 shares of the financial services provider’s stock worth $604,000 after buying an additional 26,388 shares during the period. Absolute Investment Advisers LLC bought a new stake in The Gabelli Multimedia Trust in the fourth quarter valued at $2,222,000. Finally, Commonwealth Equity Services LLC lifted its stake in The Gabelli Multimedia Trust by 2.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 594,648 shares of the financial services provider’s stock valued at $2,652,000 after buying an additional 16,656 shares during the last quarter. Institutional investors and hedge funds own 10.63% of the company’s stock.

The Gabelli Multimedia Trust Stock Up 2.0 %

GGT stock opened at $4.51 on Friday. The firm’s 50-day simple moving average is $4.65 and its 200 day simple moving average is $4.74. The Gabelli Multimedia Trust Inc. has a fifty-two week low of $4.00 and a fifty-two week high of $5.98.

The Gabelli Multimedia Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 21.29%. The ex-dividend date of this dividend is Friday, June 13th.

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.