The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $15,405.00 in Stock

Posted by Paula Ricardo on Feb 1st, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of $10.27 per share, for a total transaction of $15,405.00. Following the completion of the purchase, the insider now directly owns 1,927,367 shares of the company’s stock, valued at $19,794,059.09. The trade was a 0.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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, January 10th, Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.57 per share, with a total value 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 price of $9.74 per share, for a total transaction of $198,773.92.
On Monday, December 2nd, Saba Capital Management, L.P. acquired 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.46 per share, with a total value of $13,723.52.
On Friday, November 29th, Saba Capital Management, L.P. bought 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.40 per share, with a total value of $53,591.20.
On Wednesday, November 27th, Saba Capital Management, L.P. purchased 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.42 per share, for a total transaction of $29,894.98.
On Monday, November 25th, Saba Capital Management, L.P. acquired 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.24 per share, with a total value of $44,451.84.
On Friday, November 22nd, Saba Capital Management, L.P. bought 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.16 per share, for a total transaction 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 shares were acquired at an average price of $10.36 per share, with a total value of $55,571.04.
On Friday, November 1st, Saba Capital Management, L.P. acquired 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.33 per share, for a total transaction of $35,617.84.

The Gabelli Healthcare & Wellness Trust Trading Up 1.0 %

Shares of GRX opened at $10.45 on Friday. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.21 and a fifty-two week high of $11.24. The firm has a 50-day simple moving average of $9.99 and a 200-day simple moving average of $10.41.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 5.74%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GRX. Quarry LP purchased a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $72,000. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth $191,000. International Assets Investment Management LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after acquiring an additional 55,282 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $813,000. Finally, Stephens Inc. AR raised its holdings in The Gabelli Healthcare & Wellness Trust by 8.6% during the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after purchasing an additional 8,633 shares in the last quarter.

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.