Raymond James & Associates Buys Shares of 45,380 Gabelli Multimedia Trust (NYSE:GGT)

Raymond James & Associates acquired a new position in shares of Gabelli Multimedia Trust (NYSE:GGT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,380 shares of the financial services provider’s stock, valued at approximately $417,000. Raymond James & Associates owned 0.19% of Gabelli Multimedia Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Claraphi Advisory Network LLC bought a new stake in shares of Gabelli Multimedia Trust during the 4th quarter worth $1,482,000. Wells Fargo & Company MN raised its stake in Gabelli Multimedia Trust by 16.7% during the 4th quarter. Wells Fargo & Company MN now owns 150,570 shares of the financial services provider’s stock valued at $1,386,000 after purchasing an additional 21,528 shares during the last quarter. First Allied Advisory Services Inc. acquired a new position in Gabelli Multimedia Trust during the 4th quarter valued at $1,353,000. Doliver Capital Advisors LP acquired a new position in Gabelli Multimedia Trust during the 4th quarter valued at $332,000. Finally, Kovack Advisors Inc. acquired a new position in Gabelli Multimedia Trust during the 4th quarter valued at $170,000. 8.51% of the stock is owned by institutional investors and hedge funds.

Gabelli Multimedia Trust traded up $0.03, hitting $9.56, during trading hours on Friday, Marketbeat.com reports. 26,086 shares of the company traded hands, compared to its average volume of 34,736. Gabelli Multimedia Trust has a twelve month low of $8.42 and a twelve month high of $10.09.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 15th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 9.21%. The ex-dividend date is Thursday, June 14th.

Gabelli Multimedia Trust Company Profile

There is no company description available for The Gabelli Multimedia Trust Inc.

Institutional Ownership by Quarter for Gabelli Multimedia Trust (NYSE:GGT)

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