The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Acquires 3,456 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 3,456 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $10.30 per share, for a total transaction of $35,596.80. Following the completion of the acquisition, the insider now owns 225,328 shares in the company, valued at $2,320,878.40. This represents a 1.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Gabelli Healthcare & Wellness Trust Stock Down 2.4 %

GRX opened at $9.80 on Wednesday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.03 and a twelve month high of $11.24. The company has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $10.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.12%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth $1,056,000. Cetera Investment Advisers lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after buying an additional 3,020 shares during the last quarter. Quarry LP acquired a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $72,000. Finally, Capstone Investment Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $191,000.

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.