Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases 10,903 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 10,903 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was purchased at an average price of $10.34 per share, with a total value of $112,737.02. Following the transaction, the insider now owns 1,746,378 shares of the company’s stock, valued at $18,057,548.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% 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, July 25th, Saba Capital Management, L.P. purchased 36,371 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.19 per share, with a total value of $370,620.49.
• On Tuesday, July 23rd, Saba Capital Management, L.P. purchased 22,571 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.08 per share, with a total value of $227,515.68.
• On Wednesday, July 10th, Saba Capital Management, L.P. purchased 29,088 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.52 per share, with a total value of $276,917.76.

The Gabelli Healthcare & Wellness Trust Trading Down 0.3 %

Shares of NYSE GRX traded down $0.03 on Tuesday, reaching $10.38. 11,906 shares of the company traded hands, compared to its average volume of 36,655. The company has a 50 day moving average of $9.72 and a 200 day moving average of $9.72. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $7.73 and a fifty-two week high of $10.45.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, June 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Thursday, June 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 2nd quarter worth $53,000. Cerity Partners LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 10.5% during the 4th quarter. Cerity Partners LLC now owns 11,347 shares of the investment management company’s stock worth $106,000 after purchasing an additional 1,076 shares during the period. Matisse Capital acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 4th quarter worth approximately $284,000. Quantedge Capital Pte Ltd raised its holdings in The Gabelli Healthcare & Wellness Trust by 28.0% in the fourth quarter. Quantedge Capital Pte Ltd now owns 69,396 shares of the investment management company’s stock valued at $647,000 after buying an additional 15,200 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 5.2% in the first quarter. Blue Bell Private Wealth Management LLC now owns 91,489 shares of the investment management company’s stock valued at $937,000 after buying an additional 4,481 shares during the period.

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.