The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $198,773.92 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 20,408 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of $9.74 per share, for a total transaction of $198,773.92. Following the acquisition, the insider now directly owns 1,911,034 shares in the company, valued at $18,613,471.16. This represents a 1.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% 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 Monday, December 2nd, Saba Capital Management, L.P. bought 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.46 per share, for a total transaction of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. acquired 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.40 per share, with a total value of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. bought 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.42 per share, for a total transaction of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. purchased 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost 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 bought at an average cost of $10.16 per share, for a total transaction of $49,540.16.
• 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, 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 stock was bought at an average price of $10.33 per share, for a total transaction of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. purchased 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased 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 acquired at an average price of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Up 0.9 %

NYSE GRX opened at $9.65 on Friday. The Gabelli Healthcare & Wellness Trust has a one year low of $9.10 and a one year high of $11.24. The company has a 50-day simple moving average of $10.36 and a 200-day simple moving average of $10.37.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

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