Wedbush Securities Inc. cut its holdings in Gabelli Multi-Media Trust Inc. (NYSE:GGT) by 47.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,066 shares of the financial services provider’s stock after selling 55,762 shares during the quarter. Wedbush Securities Inc.’s holdings in Gabelli Multi-Media Trust were worth $591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Gabelli Multi-Media Trust by 10.4% in the second 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. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Gabelli Multi-Media Trust by 2.4% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 95,814 shares of the financial services provider’s stock worth $857,000 after buying an additional 2,233 shares during the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of Gabelli Multi-Media Trust in the second quarter worth $260,000. Advisor Group Inc. lifted its stake in shares of Gabelli Multi-Media Trust by 81.1% in the second quarter. Advisor Group Inc. now owns 47,466 shares of the financial services provider’s stock worth $425,000 after buying an additional 21,261 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Gabelli Multi-Media Trust by 2.1% in the second quarter. Gamco Investors INC. ET AL now owns 678,148 shares of the financial services provider’s stock worth $6,063,000 after buying an additional 14,030 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

In related news, Director Christopher J. Marangi bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $50,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.71% of the stock is currently owned by company insiders.

Shares of Gabelli Multi-Media Trust Inc. (NYSE GGT) traded down $0.14 during trading on Friday, hitting $8.79. 63,622 shares of the stock were exchanged, compared to its average volume of 86,224. Gabelli Multi-Media Trust Inc. has a twelve month low of $7.15 and a twelve month high of $9.86.

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Gabelli Multi-Media Trust Company 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.

Institutional Ownership by Quarter for Gabelli Multi-Media Trust (NYSE:GGT)

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