Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund (NYSE:GRX) Stock Price Passes Above Fifty Day Moving Average of $10.69

Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund (NYSE:GRX) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.69 and traded as high as $11.23. Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund shares last traded at $11.22, with a volume of 800 shares traded.

The firm’s 50 day simple moving average is $10.69 and its 200-day simple moving average is $10.51.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.56 annualized dividend and a yield of 4.99%.

In other Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund news, Director James P. Conn sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $10.68, for a total transaction of $106,800.00. Following the completion of the sale, the director now directly owns 79,344 shares in the company, valued at $847,393.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James P. Conn sold 22,856 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $10.89, for a total transaction of $248,901.84. Following the sale, the director now owns 1,000 shares of the company’s stock, valued at $10,890. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,853 shares of company stock valued at $683,100.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRX. Wells Fargo & Company MN grew its stake in Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 33.2% during the second quarter. Wells Fargo & Company MN now owns 403,319 shares of the investment management company’s stock worth $4,251,000 after buying an additional 100,525 shares during the period. Gamco Investors INC. ET AL grew its stake in Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 11.3% during the second quarter. Gamco Investors INC. ET AL now owns 376,955 shares of the investment management company’s stock worth $3,973,000 after buying an additional 38,288 shares during the period. Private Advisor Group LLC acquired a new position in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund during the second quarter worth $268,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 159.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,312 shares of the investment management company’s stock worth $151,000 after purchasing an additional 8,797 shares in the last quarter. Finally, Oxbow Advisors LLC lifted its position in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 9.2% during the second quarter. Oxbow Advisors LLC now owns 84,770 shares of the investment management company’s stock worth $893,000 after purchasing an additional 7,110 shares in the last quarter.

Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund Company Profile (NYSE:GRX)

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.

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