The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Sold by 9258 Wealth Management LLC

9258 Wealth Management LLC lessened its position in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 16.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,064 shares of the investment management company’s stock after selling 9,445 shares during the quarter. 9258 Wealth Management LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $460,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Advisors LLC grew its position in shares of The Gabelli Healthcare & Wellness Trust by 2.3% during the first quarter. Cornerstone Advisors LLC now owns 318,012 shares of the investment management company’s stock worth $3,256,000 after acquiring an additional 7,292 shares during the last quarter. Cetera Investment Advisers grew its position in The Gabelli Healthcare & Wellness Trust by 2.2% during the 1st quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock worth $2,275,000 after purchasing an additional 4,818 shares during the last quarter. Cetera Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the first quarter valued at $2,254,000. RPO LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 24.7% in the fourth quarter. RPO LLC now owns 136,169 shares of the investment management company’s stock valued at $1,270,000 after purchasing an additional 27,000 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of The Gabelli Healthcare & Wellness Trust by 12.0% in the fourth quarter. Stephens Inc. AR now owns 123,503 shares of the investment management company’s stock valued at $1,152,000 after buying an additional 13,209 shares during the last quarter.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 29,088 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average cost of $9.52 per share, with a total value of $276,917.76. Following the completion of the acquisition, the insider now directly owns 1,627,704 shares in the company, valued at $15,495,742.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have purchased 150,986 shares of company stock worth $1,531,130.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE GRX opened at $11.12 on Friday. The Gabelli Healthcare & Wellness Trust has a 52-week low of $7.73 and a 52-week high of $11.19. The business’s 50-day moving average price is $10.30 and its 200 day moving average price is $9.93.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 5.40%.

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.