The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $96,068.66 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 9,437 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $10.18 per share, for a total transaction of $96,068.66. Following the transaction, the insider now owns 1,955,839 shares in the company, valued at $19,910,441.02. The trade was a 0.48 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, March 6th, Saba Capital Management, L.P. bought 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.97 per share, for a total transaction of $61,913.70.
• On Tuesday, March 4th, Saba Capital Management, L.P. bought 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. bought 955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.89 per share, for a total transaction of $9,444.95.
• On Tuesday, January 28th, Saba Capital Management, L.P. bought 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.27 per share, for a total transaction of $15,405.00.
• On Friday, January 10th, Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.57 per share, for a total transaction of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. purchased 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.74 per share, for a total transaction of $198,773.92.

The Gabelli Healthcare & Wellness Trust Stock Down 0.7 %

NYSE:GRX opened at $10.00 on Thursday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.21 and a twelve month high of $11.24. The stock’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $10.36.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Monday, March 17th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. increased its position in shares of The Gabelli Healthcare & Wellness Trust by 3.5% during the 4th quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock worth $18,422,000 after purchasing an additional 64,135 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of The Gabelli Healthcare & Wellness Trust by 21.4% during the 4th quarter. Wells Fargo & Company MN now owns 427,010 shares of the investment management company’s stock worth $4,116,000 after purchasing an additional 75,148 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of The Gabelli Healthcare & Wellness Trust by 83.1% during the 4th quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock worth $3,538,000 after purchasing an additional 166,619 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 10.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,299,000 after acquiring an additional 33,000 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 252.9% during the 4th quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock worth $2,703,000 after acquiring an additional 200,905 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.