The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $44,451.84 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 4,341 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $10.24 per share, with a total value of $44,451.84. Following the completion of the acquisition, the insider now directly owns 1,875,369 shares in the company, valued at approximately $19,203,778.56. This trade represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 22nd, Saba Capital Management, L.P. purchased 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.16 per share, with a total value of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. purchased 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.36 per share, with a total value of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. purchased 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.33 per share, with a total value of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.59 per share, with a total value of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. acquired 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Down 0.2 %

NYSE GRX opened at $10.24 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.62 and a 1-year high of $11.24. The business has a 50 day moving average price of $10.65 and a 200 day moving average price of $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently bought and sold shares of GRX. Cetera Investment Advisers increased its position in The Gabelli Healthcare & Wellness Trust by 2.2% during the first quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock worth $2,275,000 after buying an additional 4,818 shares in the last quarter. Cetera Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the first quarter worth $2,254,000. International Assets Investment Management LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the second quarter worth $53,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during 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 purchasing an additional 24,430 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth $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.