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Globe Newswire (Wed, 13-May 12:01 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 June 26, 2026, GGT stock price declined to $4.03 with 580,333 million shares trading.
GGT has a beta of 0.54, meaning it tends to be less sensitive to market movements. GGT has a correlation of 0.24 to the broad based SPY ETF.
GGT has a market cap of $154.66 million. This is considered a Micro Cap stock.
In the last 3 years, GGT traded as high as $6.99 and as low as $3.75.
GGT has outperformed the market in the last year with a return of +20.6%, while the SPY ETF gained +20.4%. However, in the most recent history, GGT shares have underperformed the stock market with its stock returning +6.5% in the last 3 month period and -3.1% for the last 2 week period, while SPY has returned +13.3% and -1.5%, respectively.
GGT support price is $4.01 and resistance is $4.09 (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.
