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Globe Newswire (Wed, 12-Nov 2:23 PM ET)
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 (the “80% Policy”). The 80% Policy may be changed without shareholder approval. The Fund will provide shareholders with notice at least sixty days prior to the implementation of any change in the 80% Policy.
Gabelli Multimedia Trust trades on the NYSE stock market under the symbol GGT.
As of January 13, 2026, GGT stock price declined to $4.22 with 67,323 million shares trading.
GGT has a beta of 0.44, meaning it tends to be less sensitive to market movements. GGT has a correlation of 0.20 to the broad based SPY ETF.
GGT has a market cap of $151.59 million. This is considered a Micro Cap stock.
In the last 3 years, GGT traded as high as $7.00 and as low as $3.75.
GGT has underperformed the market in the last year with a return of +10.4%, while SPY returned +20.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GGT shares. However, GGT has outperformed the market in the last 3 month and 2 week periods, returning +7.5% and +1.4%, while SPY returned +6.6% and +0.9%, respectively. This indicates GGT has been having a stronger performance recently.
GGT support price is $4.18 and resistance is $4.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GGT shares will trade within this expected range on the day.
