Wealth Enhancement Advisory Services LLC raised its holdings in shares of Gabelli Multimedia Trust Inc. (NYSE:GGT) by 33.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,561 shares of the financial services provider’s stock after purchasing an additional 7,742 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.11% of Gabelli Multimedia Trust worth $136,000 as of its most recent SEC filing.\n\nSeveral other institutional investors have also recently made changes to their positions in GGT. Wolverine Asset Management LLC lifted its holdings in Gabelli Multimedia Trust by 24.2% during the fourth quarter. Wolverine Asset Management LLC now owns 135,365 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 26,388 shares during the last quarter. One Capital Management LLC bought a new position in Gabelli Multimedia Trust during the fourth quarter valued at approximately $50,000. Commonwealth Equity Services LLC grew its holdings in shares of Gabelli Multimedia Trust by 2.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 594,648 shares of the financial services provider’s stock worth $2,652,000 after purchasing an additional 16,656 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Gabelli Multimedia Trust by 4.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,249,218 shares of the financial services provider’s stock worth $5,572,000 after purchasing an additional 51,591 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Gabelli Multimedia Trust in the fourth quarter worth $1,929,000. Institutional investors own 10.63% of the company’s stock.\n\nIn related news, insider Mario J. Gabelli purchased 40,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average price of $4.34 per share, with a total value of $173,600.00. Following the transaction, the insider now directly owns 1,020,502 shares in the company, valued at $4,428,978.68. This trade represents a 4.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.00% of the stock is owned by insiders.\n\nThe business also recently declared a monthly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 21.48%. The ex-dividend date is Tuesday, September 16th.\n\nThe Gabelli Multimedia Trust Inc is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries.

Wealth Enhancement Advisory Services LLC Has $136,000 Position in Gabelli Multimedia Trust Inc. (NYSE:GGT)

Several institutional investors increased their holdings in Gabelli Multimedia Trust Inc. (GGT), including Wealth Enhancement Advisory Services LLC, Wolverine Asset Management LLC, and others. Insider Mario J. Gabelli also purchased shares, and the company declared a monthly dividend. The fund is managed by Gabelli Funds LLC and invests globally in telecommunications, media, and entertainment sectors.