James P. Conn Sells 6,000 Shares of Gabelli Multimedia Trust Inc (NYSE:GGT) Stock

Gabelli Multimedia Trust Inc (NYSE:GGT) Director James P. Conn sold 6,000 shares of Gabelli Multimedia Trust stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $8.22, for a total transaction of $49,320.00. Following the transaction, the director now owns 27,120 shares of the company’s stock, valued at approximately $222,926.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

GGT remained flat at $$8.52 during midday trading on Friday. 73,808 shares of the company’s stock were exchanged, compared to its average volume of 51,332. Gabelli Multimedia Trust Inc has a one year low of $6.90 and a one year high of $9.46. The company’s fifty day moving average price is $8.30 and its 200-day moving average price is $8.32.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL grew its holdings in shares of Gabelli Multimedia Trust by 2.4% during the second quarter. Gamco Investors INC. ET AL now owns 795,547 shares of the financial services provider’s stock worth $6,412,000 after buying an additional 18,947 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Gabelli Multimedia Trust by 1.0% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 310,076 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 3,065 shares during the period. Commonwealth Equity Services LLC grew its holdings in Gabelli Multimedia Trust by 57.6% in the second quarter. Commonwealth Equity Services LLC now owns 84,947 shares of the financial services provider’s stock valued at $684,000 after purchasing an additional 31,046 shares during the period. Mid Atlantic Financial Management Inc. ADV grew its holdings in Gabelli Multimedia Trust by 46.9% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 40,700 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 13,000 shares during the period. Finally, Creative Planning grew its holdings in Gabelli Multimedia Trust by 8.2% in the first quarter. Creative Planning now owns 29,128 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 2,198 shares during the period. Institutional investors and hedge funds own 5.50% of the company’s stock.

Gabelli Multimedia Trust Company 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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