The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $49,540.16 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 4,876 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of $10.16 per share, for a total transaction of $49,540.16. Following the acquisition, the insider now directly owns 1,871,028 shares of the company’s stock, valued at $19,009,644.48. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Major 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 Monday, November 4th, Saba Capital Management, L.P. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought 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 shares were 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. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX traded up $0.12 during midday trading on Monday, reaching $10.26. 23,059 shares of the company’s stock were exchanged, compared to its average volume of 31,766. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.62 and a 1-year high of $11.24. The business’s 50-day moving average price is $10.65 and its 200 day moving average price is $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GRX. Cetera Investment Advisers increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 2.2% during the 1st 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 during the last quarter. International Assets Investment Management LLC grew its position in The Gabelli Healthcare & Wellness Trust by 995.0% during 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 during the period. Sanctuary Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the second quarter worth about $1,056,000. Cetera Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth about $2,254,000. Finally, Aviance Capital Partners LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.0% in 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.

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.