Mid Atlantic Financial Management Inc. ADV Has $230,000 Holdings in Gabelli Multimedia Trust Inc (GGT)

Mid Atlantic Financial Management Inc. ADV raised its stake in shares of Gabelli Multimedia Trust Inc (NYSE:GGT) by 16.9% in the first quarter, HoldingsChannel.com reports. The fund owned 27,700 shares of the financial services provider’s stock after acquiring an additional 4,000 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Gabelli Multimedia Trust were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GGT. Brasada Capital Management LP lifted its holdings in shares of Gabelli Multimedia Trust by 165.1% during the fourth quarter. Brasada Capital Management LP now owns 5,301 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 3,301 shares during the period. Bruderman Asset Management LLC bought a new position in shares of Gabelli Multimedia Trust during the fourth quarter valued at $65,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Gabelli Multimedia Trust during the fourth quarter valued at $90,000. Questar Asset Management Inc. bought a new position in shares of Gabelli Multimedia Trust during the fourth quarter valued at $100,000. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Gabelli Multimedia Trust by 9.5% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 18,015 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,568 shares during the period. 6.08% of the stock is owned by institutional investors.

Gabelli Multimedia Trust stock opened at $8.16 on Friday. Gabelli Multimedia Trust Inc has a 12-month low of $6.90 and a 12-month high of $9.78.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 10.78%.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/05/24/mid-atlantic-financial-management-inc-adv-has-230000-holdings-in-gabelli-multimedia-trust-inc-ggt.html.

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.

Further Reading: How to calculate compound interest

Want to see what other hedge funds are holding GGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gabelli Multimedia Trust Inc (NYSE:GGT).

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

Receive News & Ratings for Gabelli Multimedia Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gabelli Multimedia Trust and related companies with MarketBeat.com's FREE daily email newsletter.