Saba Capital Management, L.P. Buys 4,341 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 4,341 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $10.24 per share, with a total value of $44,451.84. Following the completion of the purchase, the insider now owns 1,875,369 shares of the company’s stock, valued at approximately $19,203,778.56. This represents a 0.23 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, November 22nd, Saba Capital Management, L.P. bought 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.16 per share, with a total value 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. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired 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. bought 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired 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. bought 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE:GRX opened at $10.30 on Thursday. The Gabelli Healthcare & Wellness Trust has a one year low of $8.62 and a one year high of $11.24. The firm has a 50-day moving average of $10.63 and a 200-day moving average of $10.31.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.83%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the second quarter worth about $53,000. Quarry LP purchased a new position in The Gabelli Healthcare & Wellness Trust during the third quarter worth about $72,000. Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the third quarter worth about $191,000. Sanctuary Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the second quarter worth about $1,056,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 26.7% during the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after purchasing an additional 24,430 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.