The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $110,570.19 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 10,441 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of $10.59 per share, for a total transaction of $110,570.19. Following the purchase, the insider now owns 1,857,340 shares in the company, valued at $19,669,230.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, September 26th, Saba Capital Management, L.P. acquired 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $11.12 per share, with a total value of $126,156.40.
• On Monday, August 26th, Saba Capital Management, L.P. bought 6,453 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.88 per share, for a total transaction of $70,208.64.
• On Thursday, August 22nd, Saba Capital Management, L.P. bought 4,205 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.69 per share, with a total value of $44,951.45.
• On Friday, August 9th, Saba Capital Management, L.P. purchased 19,481 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.47 per share, for a total transaction of $203,966.07.
• On Wednesday, August 7th, Saba Capital Management, L.P. acquired 20,714 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.22 per share, with a total value of $211,697.08.
• On Friday, August 2nd, Saba Capital Management, L.P. bought 1,200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.43 per share, for a total transaction of $12,516.00.

The Gabelli Healthcare & Wellness Trust Trading Down 0.5 %

Shares of GRX opened at $10.40 on Thursday. The stock has a fifty day moving average price of $10.90 and a two-hundred day moving average price of $10.19. The Gabelli Healthcare & Wellness Trust has a 52-week low of $7.87 and a 52-week high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 55,282 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth $1,056,000. Cetera Investment Advisers boosted its position in The Gabelli Healthcare & Wellness Trust by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after buying an additional 3,020 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after buying an additional 24,430 shares during the period. Finally, Cetera Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth $2,254,000.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.