Claraphi Advisory Network LLC acquired a new stake in shares of Gabelli Multimedia Trust Inc (NYSE:GGT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 161,109 shares of the financial services provider’s stock, valued at approximately $1,482,000. Gabelli Multimedia Trust comprises about 1.1% of Claraphi Advisory Network LLC’s portfolio, making the stock its 15th largest position. Claraphi Advisory Network LLC owned 0.66% of Gabelli Multimedia Trust as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of GGT. Wells Fargo & Company MN increased its holdings in shares of Gabelli Multimedia Trust by 10.4% during the 2nd quarter. Wells Fargo & Company MN now owns 109,828 shares of the financial services provider’s stock valued at $982,000 after acquiring an additional 10,379 shares during the last quarter. Advisor Group Inc. boosted its stake in Gabelli Multimedia 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. M Holdings Securities Inc. bought a new stake in Gabelli Multimedia Trust during the 2nd quarter valued at approximately $130,000. Gamco Investors INC. ET AL lifted its position in shares of Gabelli Multimedia Trust by 2.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 692,056 shares of the financial services provider’s stock worth $6,699,000 after acquiring an additional 13,908 shares during the period. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Gabelli Multimedia Trust in the 3rd quarter worth approximately $105,000. 9.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Gabelli Multimedia Trust Inc (NYSE GGT) opened at $9.44 on Tuesday. Gabelli Multimedia Trust Inc has a 52-week low of $7.82 and a 52-week high of $9.93.
In related news, insider Mario J. Gabelli sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $9.10, for a total transaction of $91,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.71% of the stock is owned by company insiders.
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Gabelli Multimedia 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.
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