6,000 Shares in The Gabelli Multimedia Trust Inc. (NYSE:GGT) Bought by NBC Securities Inc.

NBC Securities Inc. purchased a new stake in shares of The Gabelli Multimedia Trust Inc. (NYSE:GGT) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 6,000 shares of the financial services provider’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its position in The Gabelli Multimedia Trust by 7.7% during the third quarter. Atomi Financial Group Inc. now owns 53,947 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 3,854 shares during the period. Quarry LP bought a new position in shares of The Gabelli Multimedia Trust during the 2nd quarter worth about $438,000. Beacon Capital Management LLC acquired a new position in shares of The Gabelli Multimedia Trust during the first quarter valued at about $32,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of The Gabelli Multimedia Trust by 11.3% in the first quarter. Commonwealth Equity Services LLC now owns 505,595 shares of the financial services provider’s stock valued at $2,862,000 after buying an additional 51,151 shares during the period. 10.63% of the stock is owned by institutional investors and hedge funds.

The Gabelli Multimedia Trust Stock Performance

Shares of GGT opened at $4.70 on Tuesday. The stock’s 50-day moving average price is $4.93 and its 200 day moving average price is $5.24. The Gabelli Multimedia Trust Inc. has a 12-month low of $4.32 and a 12-month high of $6.25.

The Gabelli Multimedia Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 18.72%. The ex-dividend date of this dividend was Monday, September 16th.

About The Gabelli Multimedia Trust

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.