The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $44,451.84 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 4,341 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $10.24 per share, for a total transaction of $44,451.84. Following the completion of the acquisition, the insider now owns 1,875,369 shares of the company’s stock, valued at $19,203,778.56. This trade represents a 0.23 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 stock was purchased 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 shares were 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 shares were 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 shares were 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 shares were bought at an average price of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Trading Up 0.5 %

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $10.30 on Friday. The Gabelli Healthcare & Wellness Trust has a one year low of $8.62 and a one year high of $11.24. The business’s 50 day moving average price is $10.61 and its 200 day moving average price is $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 5.83%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aviance Capital Partners LLC increased its stake in 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 worth $1,416,000 after acquiring an additional 1,224 shares during the last quarter. Cetera Investment Advisers increased 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 worth $2,158,000 after acquiring an additional 3,020 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the second quarter valued at $53,000. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at $72,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at $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.