Landscape Capital Management L.L.C. Makes New $512,000 Investment in Gabelli Multimedia Trust Inc. $GGT

Landscape Capital Management L.L.C. acquired a new position in Gabelli Multimedia Trust Inc. (NYSE:GGT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 121,676 shares of the financial services provider’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arax Advisory Partners increased its position in shares of Gabelli Multimedia Trust by 90.0% during the fourth quarter. Arax Advisory Partners now owns 6,152 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 2,914 shares during the period. Raymond James Financial Inc. bought a new position in Gabelli Multimedia Trust during the 2nd quarter valued at about $27,000. Ameriprise Financial Inc. bought a new position in shares of Gabelli Multimedia Trust in the third quarter valued at approximately $49,000. Allworth Financial LP acquired a new position in Gabelli Multimedia Trust in the second quarter worth $50,000. Finally, Geneos Wealth Management Inc. lifted its position in Gabelli Multimedia Trust by 141.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 16,900 shares of the financial services provider’s stock worth $66,000 after buying an additional 9,900 shares in the last quarter. Institutional investors own 10.63% of the company’s stock.

Gabelli Multimedia Trust Price Performance

NYSE GGT opened at $4.13 on Monday. The stock has a fifty day moving average of $4.15 and a 200-day moving average of $4.15. Gabelli Multimedia Trust Inc. has a 52 week low of $3.87 and a 52 week high of $4.39.

Gabelli Multimedia Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be paid a $0.08 dividend. This is a boost from Gabelli Multimedia Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 23.2%.

Gabelli Multimedia Trust Company Profile

Gabelli Multimedia Trust Inc (NYSE: GGT) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the common stocks of companies engaged in the multimedia and communications sectors. The trust’s portfolio is concentrated in industries such as cable and satellite television, wireless and wireline telecommunications, radio and broadcasting, print and digital publishing, and internet services. Through selective security selection, Gabelli Multimedia Trust aims to capture growth opportunities driven by evolving content delivery platforms and technological innovation.

Since its initial public offering in December 1987, the trust has been managed by Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc, under the direction of veteran investors led by Mario J.