Gabelli Multimedia Trust Inc (NYSE:GGT) Stake Raised by Mid Atlantic Financial Management Inc. ADV

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Mid Atlantic Financial Management Inc. ADV grew its holdings in shares of Gabelli Multimedia Trust Inc (NYSE:GGT) by 46.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,700 shares of the financial services provider’s stock after buying an additional 13,000 shares during the period. Mid Atlantic Financial Management Inc. ADV owned 0.17% of Gabelli Multimedia Trust worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Gabelli Multimedia Trust during the second quarter valued at approximately $124,000. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Gabelli Multimedia Trust by 11.2% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 19,803 shares of the financial services provider’s stock valued at $160,000 after buying an additional 2,000 shares during the last quarter. Creative Planning raised its holdings in shares of Gabelli Multimedia Trust by 8.2% during the first quarter. Creative Planning now owns 29,128 shares of the financial services provider’s stock valued at $242,000 after buying an additional 2,198 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Gabelli Multimedia Trust by 57.6% during the second quarter. Commonwealth Equity Services LLC now owns 84,947 shares of the financial services provider’s stock valued at $684,000 after buying an additional 31,046 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Gabelli Multimedia Trust by 1.0% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 307,011 shares of the financial services provider’s stock valued at $2,554,000 after buying an additional 2,974 shares during the last quarter. 5.50% of the stock is currently owned by institutional investors.

GGT opened at $8.13 on Wednesday. The business’s 50 day moving average is $8.31 and its 200-day moving average is $8.31. Gabelli Multimedia Trust Inc has a twelve month low of $6.90 and a twelve month high of $9.46.

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.

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

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