Gabelli Multimedia Trust Inc. (GGT): James P Conn , director of Gabelli Multimedia Trust Inc. sold 818 shares on Jun 16, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $25.98 per share for a total value of $21,251.07 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 13, 2015, Inc Citigroup (10% owner) sold 568 shares at $75.00 per share price.
Gabelli Multimedia Trust Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Gabelli Multimedia Trust Inc which led to swings in the share price. The shares opened for trading at $7.04 and hit $7.1 on the upside , eventually ending the session at $7.04, with a gain of 0.28% or 0.02 points. The heightened volatility saw the trading volume jump to 37,281 shares. The 52-week high of the share price is $9.4 and the company has a market cap of $101 M . The 52-week low of the share price is at $6.05.
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.