Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires 3,448 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 3,448 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $10.33 per share, for a total transaction of $35,617.84. Following the acquisition, the insider now directly owns 1,860,788 shares in the company, valued at $19,221,940.04. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 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, October 24th, Saba Capital Management, L.P. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.59 per share, for a total transaction of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. bought 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $11.12 per share, for a total transaction of $126,156.40.
• On Monday, August 26th, Saba Capital Management, L.P. bought 6,453 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.88 per share, for a total transaction of $70,208.64.
• On Thursday, August 22nd, Saba Capital Management, L.P. bought 4,205 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.69 per share, for a total transaction of $44,951.45.
• On Friday, August 9th, Saba Capital Management, L.P. bought 19,481 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.47 per share, for a total transaction of $203,966.07.
• On Wednesday, August 7th, Saba Capital Management, L.P. bought 20,714 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.22 per share, for a total transaction of $211,697.08.

The Gabelli Healthcare & Wellness Trust Trading Up 0.6 %

NYSE GRX traded up $0.06 during trading on Monday, hitting $10.35. The stock had a trading volume of 5,810 shares, compared to its average volume of 32,432. The company’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $10.21. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.10 and a 12 month high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Monday, September 16th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 2.3% during the 1st quarter. Cornerstone Advisors LLC now owns 318,012 shares of the investment management company’s stock worth $3,256,000 after purchasing an additional 7,292 shares during the last quarter. Cetera Investment Advisers increased its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after purchasing an additional 3,020 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter worth approximately $2,254,000. Blue Bell Private Wealth Management LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after purchasing an additional 24,430 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $1,056,000.

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.