The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Buys 3,000 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli purchased 3,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $10.18 per share, for a total transaction of $30,540.00. Following the completion of the acquisition, the insider now owns 312,226 shares of the company’s stock, valued at approximately $3,178,460.68. The trade was a 0.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Down 0.1 %

The Gabelli Healthcare & Wellness Trust stock traded down $0.01 during midday trading on Tuesday, hitting $10.25. 10,280 shares of the company’s stock were exchanged, compared to its average volume of 31,665. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.62 and a 12 month high of $11.24. The firm has a 50-day moving average of $10.65 and a two-hundred day moving average of $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 5.85%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRX. International Assets Investment Management LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth about $53,000. Quarry LP purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at about $72,000. Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at about $191,000. Sanctuary Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter valued at about $1,056,000. Finally, Blue Bell Private Wealth Management LLC lifted its position 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 buying 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.