The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Crosses Below 200 Day Moving Average – Time to Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.32 and traded as low as $9.86. The Gabelli Healthcare & Wellness Trust shares last traded at $9.89, with a volume of 7,829 shares traded.

The Gabelli Healthcare & Wellness Trust Price Performance

The business’s 50-day moving average price is $10.04 and its two-hundred day moving average price is $10.32.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders 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 6.02%. The ex-dividend date of this dividend is Monday, March 17th.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. bought 4,388 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $9.96 per share, for a total transaction of $43,704.48. Following the completion of the acquisition, the insider now directly owns 1,937,507 shares in the company, valued at approximately $19,297,569.72. This represents a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mario J. Gabelli bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of $9.80 per share, for a total transaction of $39,200.00. Following the transaction, the insider now owns 229,872 shares in the company, valued at $2,252,745.60. This represents a 1.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 47,872 shares of company stock worth $472,463 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth about $72,000. Winebrenner Capital Management LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $125,000. Independent Advisor Alliance bought a new position in The Gabelli Healthcare & Wellness Trust in the 4th quarter worth approximately $147,000. Raymond James Financial Inc. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $171,000. Finally, Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at about $191,000.

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.