The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $49,540.16 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 4,876 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average cost of $10.16 per share, for a total transaction of $49,540.16. Following the purchase, the insider now owns 1,871,028 shares of the company’s stock, valued at $19,009,644.48. The trade was a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.24 per share, for a total transaction of $44,451.84.
• On Monday, November 4th, Saba Capital Management, L.P. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. purchased 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.33 per share, for a total transaction of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.59 per share, with a total value of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX stock opened at $10.24 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.62 and a 12 month high of $11.24. The firm has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the second quarter worth $53,000. Quarry LP purchased a new position in The Gabelli Healthcare & Wellness Trust in the third quarter worth $72,000. Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth about $191,000. Sanctuary Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at approximately $1,056,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in the second 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.

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.