Mario J. Gabelli Purchases 3,000 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the purchase, the insider now owns 312,226 shares of the company’s stock, valued at $3,178,460.68. This represents a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock opened at $10.30 on Thursday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.62 and a twelve month high of $11.24. The company’s 50-day moving average price is $10.63 and its 200-day moving average price is $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. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several large investors have recently modified their holdings of GRX. Cetera Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the first quarter valued at $2,254,000. Sanctuary Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at about $1,056,000. International Assets Investment Management LLC boosted its position 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 buying an additional 55,282 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings 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 worth $1,111,000 after buying an additional 24,430 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $191,000.

About The Gabelli Healthcare & Wellness Trust

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.