Gamco Investors INC. ET AL increased its stake in Gabelli Multi-Media Trust Inc. (NYSE:GGT) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 692,056 shares of the financial services provider’s stock after buying an additional 13,908 shares during the period. Gamco Investors INC. ET AL’s holdings in Gabelli Multi-Media Trust were worth $6,699,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Gabelli Multi-Media Trust by 10.4% in the 2nd quarter. Wells Fargo & Company MN now owns 109,828 shares of the financial services provider’s stock worth $982,000 after buying an additional 10,379 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Gabelli Multi-Media Trust by 2.4% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 95,814 shares of the financial services provider’s stock valued at $857,000 after purchasing an additional 2,233 shares during the period. Wedbush Securities Inc. increased its position in Gabelli Multi-Media Trust by 6.4% during the 2nd quarter. Wedbush Securities Inc. now owns 116,828 shares of the financial services provider’s stock valued at $1,044,000 after purchasing an additional 7,010 shares during the period. Institute for Wealth Management LLC. purchased a new position in Gabelli Multi-Media Trust during the 2nd quarter valued at about $260,000. Finally, Advisor Group Inc. increased its position in Gabelli Multi-Media Trust by 81.1% during the 2nd quarter. Advisor Group Inc. now owns 47,466 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 21,261 shares during the period. 5.05% of the stock is currently owned by institutional investors.

In other Gabelli Multi-Media Trust news, Director Christopher J. Marangi bought 2,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $50,000.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $50,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.71% of the company’s stock.

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Gabelli Multi-Media Trust Inc. (GGT) opened at $8.77 on Friday. Gabelli Multi-Media Trust Inc. has a 12-month low of $7.18 and a 12-month high of $9.86.

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.

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

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