Blue Bell Private Wealth Management buys $26,154 stake in Gabelli Multimedia Trust Inc (GGT)

Gabelli Multimedia Trust Inc (GGT) : Blue Bell Private Wealth Management scooped up 3,345 additional shares in Gabelli Multimedia Trust Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 3,455 shares of Gabelli Multimedia Trust Inc which is valued at $26,154.Gabelli Multimedia Trust Inc makes up approximately 0.02% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in GGT by selling 376 shares or 6.09% in the most recent quarter. The Hedge Fund company now holds 5,800 shares of GGT which is valued at $43,877. Community Bank N.a. added GGT to its portfolio by purchasing 28 company shares during the most recent quarter which is valued at $212.Creative Planning reduced its stake in GGT by selling 216 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 16,064 shares of GGT which is valued at $122,247.

Gabelli Multimedia Trust Inc opened for trading at $7.62 and hit $7.6334 on the upside on Friday, eventually ending the session at $7.57, with a gain of 0.07% or 0.005 points. The heightened volatility saw the trading volume jump to 69,729 shares. Company has a market cap of $108 M.

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 invests at least 80% of its assets in common stock and other securities including convertible securities preferred stock options and warrants of companies in the telecommunications media publishing and entertainment industries (the 80% Policy). The 80% Policy may be changed without shareholder approval. The Fund seeks opportunities for long term growth within the context of two investment universes: companies involved in creativity and companies involved in distribution as it relates to the delivery of these copyrights. The Fund invests in companies participating in emerging technological advances in interactive services and products. The Gabelli Global Multimedia Trust Inc.’s investment advisor is Gabelli Funds LLC.

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