Gabelli Multimedia Trust Inc (NYSE:GGT) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.99 and last traded at $8.02, with a volume of 1896 shares traded. The stock had previously closed at $8.08.

Several large investors have recently bought and sold shares of GGT. Gamco Investors INC. ET AL increased its stake in Gabelli Multimedia Trust by 6.9% in the second quarter. Gamco Investors INC. ET AL now owns 741,945 shares of the financial services provider’s stock valued at $7,004,000 after acquiring an additional 48,105 shares during the period. Cornerstone Wealth Management LLC bought a new stake in Gabelli Multimedia Trust in the second quarter valued at about $7,839,000. Wells Fargo & Company MN increased its stake in Gabelli Multimedia Trust by 3.6% in the first quarter. Wells Fargo & Company MN now owns 156,040 shares of the financial services provider’s stock valued at $1,446,000 after acquiring an additional 5,470 shares during the period. Finally, Raymond James & Associates bought a new stake in Gabelli Multimedia Trust in the second quarter valued at about $105,000. Institutional investors own 7.66% of the company’s stock.

Gabelli Multimedia Trust Company Profile (NYSE:GGT)

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.

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