The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Buys 2,869 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 2,869 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $10.42 per share, for a total transaction of $29,894.98. Following the completion of the transaction, the insider now owns 1,884,161 shares of the company’s stock, valued at approximately $19,632,957.62. This trade represents a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 price of $10.24 per share, for a total transaction 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 shares were bought 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. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. acquired 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. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.59 per share, for a total transaction of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. acquired 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Up 1.2 %

GRX traded up $0.12 during midday trading on Friday, hitting $10.42. The stock had a trading volume of 11,067 shares, compared to its average volume of 31,545. The business has a fifty day moving average of $10.60 and a 200 day moving average of $10.31. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.71 and a 1 year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in The Gabelli Healthcare & Wellness Trust by 1.4% in the second 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 in the last quarter. Cetera Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $2,254,000. Sanctuary Advisors LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 24.8% during the third quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock valued at $1,417,000 after purchasing an additional 27,742 shares during the period. Aviance Capital Partners LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after purchasing an additional 1,224 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of 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 valued at $1,111,000 after purchasing an additional 24,430 shares during the period.

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.