The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.41 and traded as low as $10.06. The Gabelli Healthcare & Wellness Trust shares last traded at $10.11, with a volume of 36,875 shares changing hands.

The Gabelli Healthcare & Wellness Trust Trading Down 0.7 %

The business has a fifty day simple moving average of $9.93 and a 200-day simple moving average of $10.41.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Monday, March 17th.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 4,341 shares of the business’s stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $10.24 per share, for a total transaction of $44,451.84. Following the completion of the acquisition, the insider now owns 1,875,369 shares in the company, valued at approximately $19,203,778.56. The trade was a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mario J. Gabelli bought 7,863 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $10.50 per share, for a total transaction of $82,561.50. Following the completion of the acquisition, the insider now owns 7,863 shares in the company, valued at $82,561.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 73,847 shares of company stock worth $735,994.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several large investors have recently added to or reduced their stakes in GRX. LPL Financial LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 252.9% in the fourth quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock worth $2,703,000 after purchasing an additional 200,905 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in The Gabelli Healthcare & Wellness Trust by 83.1% during the fourth quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock worth $3,538,000 after buying an additional 166,619 shares in the last quarter. Absolute Investment Advisers LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $813,000. Capstone Investment Advisors LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 469.5% during the 4th quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock valued at $959,000 after acquiring an additional 81,981 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in The Gabelli Healthcare & Wellness Trust by 21.4% during the 4th quarter. Wells Fargo & Company MN now owns 427,010 shares of the investment management company’s stock worth $4,116,000 after acquiring an additional 75,148 shares during the last quarter.

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.