Quarry LP Makes New $438,000 Investment in The Gabelli Multimedia Trust Inc. (NYSE:GGT)

Quarry LP acquired a new stake in The Gabelli Multimedia Trust Inc. (NYSE:GGT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 81,633 shares of the financial services provider’s stock, valued at approximately $438,000. Quarry LP owned about 0.29% of The Gabelli Multimedia Trust as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GGT. Commonwealth Equity Services LLC boosted its position in The Gabelli Multimedia Trust by 11.3% during the first quarter. Commonwealth Equity Services LLC now owns 505,595 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 51,151 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of The Gabelli Multimedia Trust by 15.9% in the 2nd quarter. Atomi Financial Group Inc. now owns 50,093 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 6,864 shares during the period. Finally, Beacon Capital Management LLC bought a new stake in shares of The Gabelli Multimedia Trust during the 1st quarter valued at about $32,000. 10.63% of the stock is currently owned by institutional investors and hedge funds.

The Gabelli Multimedia Trust Trading Down 1.0 %

Shares of GGT stock opened at $4.90 on Monday. The Gabelli Multimedia Trust Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $6.25. The stock has a 50 day simple moving average of $4.98 and a two-hundred day simple moving average of $5.33.

The Gabelli Multimedia Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 17.96%.

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.