--- title: "Gabelli Multimedia Trust (NYSE:GGT) Insider Buys $101,500.00 in Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/277078279.md" description: "Gabelli Multimedia Trust insider Mario Gabelli purchased 25,000 shares at $4.06 each, totaling $101,500, increasing his ownership by 2.21%. Post-transaction, he holds 1,158,396 shares valued at approximately $4.7 million. The company also announced a dividend increase to $0.08 per share, payable on June 23rd. Institutional investors have recently increased their stakes, with 10.63% of the stock now held by them. Gabelli Multimedia Trust focuses on long-term capital appreciation in multimedia and communications sectors." datetime: "2026-02-26T17:31:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277078279.md) - [en](https://longbridge.com/en/news/277078279.md) - [zh-HK](https://longbridge.com/zh-HK/news/277078279.md) --- # Gabelli Multimedia Trust (NYSE:GGT) Insider Buys $101,500.00 in Stock Gabelli Multimedia Trust Inc. (NYSE:GGT - Get Free Report) insider Mario Gabelli acquired 25,000 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $4.06 per share, with a total value of $101,500.00. Following the acquisition, the insider owned 1,158,396 shares in the company, valued at $4,703,087.76. The trade was a 2.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. ## Gabelli Multimedia Trust Stock Performance NYSE GGT traded down $0.03 on Thursday, hitting $4.13. 59,243 shares of the stock were exchanged, compared to its average volume of 274,505. Gabelli Multimedia Trust Inc. has a 52 week low of $3.75 and a 52 week high of $4.94. The business's fifty day moving average is $4.17 and its 200 day moving average is $4.16. ## Gabelli Multimedia Trust Increases Dividend The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Gabelli Multimedia Trust's previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 23.3%. ## Institutional Trading of Gabelli Multimedia Trust * * * * * * Several large investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its stake in Gabelli Multimedia Trust by 8.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 36,748 shares of the financial services provider's stock worth $154,000 after buying an additional 2,882 shares during the last quarter. Arax Advisory Partners boosted its holdings in Gabelli Multimedia Trust by 90.0% in 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of Gabelli Multimedia Trust in the 2nd quarter valued at about $27,000. Geneos Wealth Management Inc. acquired a new stake in Gabelli Multimedia Trust during the third quarter worth about $30,000. Finally, Cetera Investment Advisers lifted its holdings in Gabelli Multimedia Trust by 73.8% in the second quarter. Cetera Investment Advisers now owns 21,703 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 9,214 shares during the period. Institutional investors own 10.63% of the company's stock. ## About Gabelli Multimedia Trust (Get Free Report) 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. ## Featured Stories - Five stocks we like better than Gabelli Multimedia Trust - Gold Ran First - but This Cycle May Belong to Silver - REVEALED: Something Big Happening Behind White House Doors - MAJOR BUY ALERT: Mar-a-Lago/Trump/Elon - Gilder: Don’t Buy AI Stocks, Do This Instead - Read this or regret it forever _This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. 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