The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Purchases 1,000 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 1,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $10.20 per share, with a total value of $10,200.00. Following the completion of the acquisition, the insider now directly owns 236,925 shares in the company, valued at $2,416,635. This represents a 0.42 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE:GRX opened at $10.04 on Tuesday. The firm has a 50-day moving average price of $9.93 and a two-hundred day moving average price of $10.41. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.21 and a twelve month high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.60 annualized dividend and a dividend yield of 5.98%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently modified their holdings of GRX. International Assets Investment Management LLC boosted its stake in shares of 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 purchasing an additional 55,282 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after purchasing an additional 1,224 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth about $191,000. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth about $72,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 24.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock worth $1,417,000 after purchasing an additional 27,742 shares during the last quarter.

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.