Saba Capital Management, L.P. Purchases 5,153 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

Posted by Alanna Baker on Dec 3rd, 2024

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 5,153 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Friday, November 29th. The shares were purchased at an average price of $10.40 per share, for a total transaction of $53,591.20. Following the completion of the purchase, the insider now directly owns 1,889,314 shares of the company’s stock, valued at approximately $19,648,865.60. This represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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 shares were purchased at an average price of $10.24 per share, with a total value of $44,451.84.
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 price of $10.16 per share, for a total transaction of $49,540.16.
On Monday, November 4th, Saba Capital Management, L.P. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were 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 purchased 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. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.59 per share, with a total value of $110,570.19.
On Thursday, September 26th, Saba Capital Management, L.P. bought 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Trading Up 0.6 %

Shares of GRX stock opened at $10.48 on Tuesday. The Gabelli Healthcare & Wellness Trust has a one year low of $8.85 and a one year high of $11.24. The business’s 50 day simple moving average is $10.58 and its 200 day simple moving average is $10.32.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 5.73%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of large investors have recently bought and sold shares of GRX. Cetera Investment Advisers boosted its position 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 valued at $2,275,000 after purchasing an additional 4,818 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after buying an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $1,056,000. Cetera Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at $2,254,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $191,000.

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.