Wall Street Access Asset Management LLC Sells 6,000 Shares of Gabelli Multimedia Trust Inc (GGT)

Wall Street Access Asset Management LLC lessened its holdings in Gabelli Multimedia Trust Inc (NYSE:GGT) by 32.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,591 shares of the financial services provider’s stock after selling 6,000 shares during the quarter. Wall Street Access Asset Management LLC’s holdings in Gabelli Multimedia Trust were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Gabelli Multimedia Trust by 182.4% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 304,037 shares of the financial services provider’s stock valued at $2,147,000 after acquiring an additional 196,364 shares during the last quarter. LPL Financial LLC grew its position in shares of Gabelli Multimedia Trust by 7.3% during the 3rd quarter. LPL Financial LLC now owns 195,749 shares of the financial services provider’s stock worth $1,809,000 after buying an additional 13,238 shares in the last quarter. Institute for Wealth Management LLC. grew its position in shares of Gabelli Multimedia Trust by 50.5% during the 4th quarter. Institute for Wealth Management LLC. now owns 39,233 shares of the financial services provider’s stock worth $551,000 after buying an additional 13,156 shares in the last quarter. Creative Planning grew its position in shares of Gabelli Multimedia Trust by 5.7% during the 4th quarter. Creative Planning now owns 26,930 shares of the financial services provider’s stock worth $190,000 after buying an additional 1,458 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Gabelli Multimedia Trust by 824.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 18,359 shares of the financial services provider’s stock worth $1,987,000 after buying an additional 16,372 shares in the last quarter. 6.56% of the stock is currently owned by institutional investors.

Shares of GGT traded up $0.07 during midday trading on Monday, reaching $8.53. 1,732 shares of the stock were exchanged, compared to its average volume of 57,929. Gabelli Multimedia Trust Inc has a 52 week low of $6.90 and a 52 week high of $9.78.



The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 15th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend was Thursday, March 14th.

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Gabelli Multimedia Trust Profile

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.

Further Reading: Percentage Gainers

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

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