Ameriprise Financial Inc. Has $328,000 Holdings in Gabelli Multi-Media Trust Inc. (GGT)

Ameriprise Financial Inc. lessened its holdings in Gabelli Multi-Media Trust Inc. (NYSE:GGT) by 20.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,633 shares of the financial services provider’s stock after selling 9,195 shares during the period. Ameriprise Financial Inc. owned approximately 0.15% of Gabelli Multi-Media Trust worth $328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of Gabelli Multi-Media Trust by 10.4% in the 2nd quarter. Wells Fargo & Company MN now owns 109,828 shares of the financial services provider’s stock worth $982,000 after buying an additional 10,379 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Gabelli Multi-Media Trust by 5.3% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 21,551 shares of the financial services provider’s stock worth $193,000 after buying an additional 1,093 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Gabelli Multi-Media Trust by 2.1% in the 2nd 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. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Gabelli Multi-Media Trust by 2.4% in the 2nd 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. Finally, Wedbush Securities Inc. boosted its stake in shares of Gabelli Multi-Media Trust by 6.4% in the 2nd quarter. Wedbush Securities Inc. now owns 116,828 shares of the financial services provider’s stock worth $1,044,000 after buying an additional 7,010 shares during the last quarter. Hedge funds and other institutional investors own 5.01% of the company’s stock.

In other Gabelli Multi-Media Trust news, Director Christopher J. Marangi bought 2,000 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $50,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 15.71% of the stock is owned by insiders.

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Gabelli Multi-Media Trust Inc. (NYSE GGT) opened at $8.59 on Thursday. Gabelli Multi-Media Trust Inc. has a 12 month low of $7.18 and a 12 month high of $9.86.

Gabelli Multi-Media Trust 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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