The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases $55,571.04 in Stock

Posted by Paula Ricardo on Nov 8th, 2024

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 5,364 shares of the company’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $10.36 per share, for a total transaction of $55,571.04. Following the transaction, the insider now owns 1,866,152 shares in the company, valued at $19,333,334.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 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, November 1st, Saba Capital Management, L.P. acquired 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.33 per share, with a total value of $35,617.84.
On Thursday, October 24th, Saba Capital Management, L.P. bought 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.59 per share, for a total transaction of $110,570.19.
On Thursday, September 26th, Saba Capital Management, L.P. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $11.12 per share, with a total value of $126,156.40.
On Monday, August 26th, Saba Capital Management, L.P. acquired 6,453 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost 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 shares were purchased at an average cost of $10.69 per share, with a total value of $44,951.45.
On Friday, August 9th, Saba Capital Management, L.P. purchased 19,481 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.47 per share, with a total value of $203,966.07.
On Wednesday, August 7th, Saba Capital Management, L.P. acquired 20,714 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.22 per share, for a total transaction of $211,697.08.

The Gabelli Healthcare & Wellness Trust Trading Up 1.0 %

NYSE:GRX opened at $10.54 on Friday. The company’s fifty day moving average price is $10.84 and its 200-day moving average price is $10.23. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.10 and a 1-year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.69%. The ex-dividend date was Monday, September 16th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently modified their holdings of GRX. Aviance Capital Partners LLC increased its holdings 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 valued at $1,416,000 after purchasing an additional 1,224 shares in the last quarter. Cetera Investment Advisers grew its position in The Gabelli Healthcare & Wellness Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after buying an additional 3,020 shares during the period. International Assets Investment Management LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the second quarter valued at $53,000. Cornerstone Advisors LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 2.3% in the first quarter. Cornerstone Advisors LLC now owns 318,012 shares of the investment management company’s stock worth $3,256,000 after acquiring an additional 7,292 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after acquiring an additional 24,430 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

(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.