The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Buys 4,000 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average price of $9.80 per share, with a total value of $39,200.00. Following the transaction, the insider now directly owns 235,872 shares of the company’s stock, valued at $2,311,545.60. This represents a 1.73 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Healthcare & Wellness Trust Stock Up 1.5 %

Shares of GRX opened at $9.93 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.21 and a 1 year high of $11.24. The company has a 50 day simple moving average of $9.98 and a two-hundred day simple moving average of $10.39.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.05%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the second quarter valued at approximately $1,056,000. International Assets Investment Management LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during 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 acquiring an additional 55,282 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at $191,000. Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter worth $72,000. Finally, Cetera Investment Advisers raised its stake in The Gabelli Healthcare & Wellness Trust by 1.4% during the second 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 in the last quarter.

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.