Sheaff Brock Investment Advisors LLC grew its position in Gabelli Multi-Media Trust Inc. (NYSE:GGT) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,551 shares of the financial services provider’s stock after purchasing an additional 1,093 shares during the quarter. Sheaff Brock Investment Advisors LLC owned about 0.09% of Gabelli Multi-Media Trust worth $193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GGT. Gamco Investors INC. ET AL lifted its stake in shares of Gabelli Multi-Media Trust by 2.1% during the second quarter. Gamco Investors INC. ET AL now owns 678,148 shares of the financial services provider’s stock worth $6,063,000 after buying an additional 14,030 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Gabelli Multi-Media Trust by 2.4% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 95,814 shares of the financial services provider’s stock worth $857,000 after buying an additional 2,233 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Gabelli Multi-Media Trust by 6.4% during the second quarter. Wedbush Securities Inc. now owns 116,828 shares of the financial services provider’s stock worth $1,044,000 after buying an additional 7,010 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Gabelli Multi-Media Trust by 31.4% during the second quarter. Janney Montgomery Scott LLC now owns 31,633 shares of the financial services provider’s stock worth $283,000 after buying an additional 7,567 shares during the period. 5.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gabelli Multi-Media Trust Inc. (NYSE:GGT) opened at 9.53 on Thursday. The stock’s 50 day moving average is $9.31 and its 200 day moving average is $8.71. Gabelli Multi-Media Trust Inc. has a 1-year low of $7.15 and a 1-year high of $9.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 15th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date of this dividend is Thursday, September 14th.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/14/sheaff-brock-investment-advisors-llc-has-193000-holdings-in-gabelli-multi-media-trust-inc-ggt.html.

Gabelli Multi-Media Trust Profile

The Gabelli Multimedia Trust Inc (the Fund) is a United States-based non-diversified closed-end management investment company. The Fund’s investment objective is long term growth of capital. The Fund will invest at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing and entertainment industries.

Want to see what other hedge funds are holding GGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gabelli Multi-Media Trust Inc. (NYSE:GGT).

Institutional Ownership by Quarter for Gabelli Multi-Media Trust (NYSE:GGT)

Receive News & Ratings for Gabelli Multi-Media Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gabelli Multi-Media Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.