Saba Capital Management, L.P. Purchases 1,500 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

Posted by Stacy Sanders on Jan 29th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,500 shares of the stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of $10.27 per share, for a total transaction of $15,405.00. Following the purchase, the insider now owns 1,927,367 shares in the company, valued at $19,794,059.09. This trade represents a 0.08 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large 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 Friday, January 10th, Saba Capital Management, L.P. acquired 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.57 per share, with a total value of $141,951.81.
On Wednesday, December 18th, Saba Capital Management, L.P. bought 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.74 per share, with a total value 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 purchased at an average cost of $10.46 per share, for a total transaction of $13,723.52.
On Friday, November 29th, Saba Capital Management, L.P. bought 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.40 per share, with a total value of $53,591.20.
On Wednesday, November 27th, Saba Capital Management, L.P. bought 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.42 per share, for a total transaction of $29,894.98.
On Monday, November 25th, Saba Capital Management, L.P. acquired 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost 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 purchased 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. purchased 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased 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 shares were purchased at an average cost of $10.33 per share, for a total transaction of $35,617.84.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock traded down $0.01 during midday trading on Wednesday, hitting $10.28. The company’s stock had a trading volume of 24,276 shares, compared to its average volume of 28,258. The Gabelli Healthcare & Wellness Trust has a 1-year low of $9.21 and a 1-year high of $11.24. The stock has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $10.41.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 5.84%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the 2nd quarter valued at approximately $1,056,000. Cetera Investment Advisers lifted 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 worth $2,158,000 after buying an additional 3,020 shares in the last quarter. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $72,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $191,000.

About The Gabelli Healthcare & Wellness Trust

(Get Free Report)

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.