Saba Capital Management, L.P. Acquires 14,833 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Friday, January 10th. The shares were purchased at an average cost of $9.57 per share, for a total transaction of $141,951.81. Following the acquisition, the insider now owns 1,925,867 shares in the company, valued at $18,430,547.19. The trade was a 0.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 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 Wednesday, December 18th, Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.74 per share, for a total transaction of $198,773.92.
• On Monday, December 2nd, Saba Capital Management, L.P. acquired 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.46 per share, with a total value of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.40 per share, for a total transaction of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. acquired 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.42 per share, with a total value of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.24 per share, with a total value of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. purchased 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.16 per share, for a total transaction of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.36 per share, with a total value of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought 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. purchased 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.59 per share, with a total value of $110,570.19.

The Gabelli Healthcare & Wellness Trust Stock Up 0.7 %

GRX stock opened at $9.79 on Friday. The firm’s 50-day simple moving average is $10.04 and its 200 day simple moving average is $10.37. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.21 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.13%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust in the 2nd quarter worth approximately $1,056,000. International Assets Investment Management LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after acquiring an additional 55,282 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth $191,000. Quarry LP acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at $72,000. Finally, Cetera Investment Advisers raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after purchasing an additional 3,020 shares in the last quarter.

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.