The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Position Increased by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC raised its position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 26.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,919 shares of the investment management company’s stock after purchasing an additional 24,430 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the 2nd quarter valued at approximately $53,000. Matisse Capital bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at about $284,000. Quantedge Capital Pte Ltd lifted its holdings in The Gabelli Healthcare & Wellness Trust by 28.0% in the fourth quarter. Quantedge Capital Pte Ltd now owns 69,396 shares of the investment management company’s stock worth $647,000 after purchasing an additional 15,200 shares during the period. Stephens Inc. AR grew its position in The Gabelli Healthcare & Wellness Trust by 12.0% in the 4th 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 in the last quarter. Finally, Aviance Capital Partners LLC grew its position in The Gabelli Healthcare & Wellness Trust by 2.6% in the 1st quarter. Aviance Capital Partners LLC now owns 121,893 shares of the investment management company’s stock valued at $1,248,000 after buying an additional 3,101 shares in the last quarter.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. bought 6,453 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $10.88 per share, with a total value of $70,208.64. Following the completion of the purchase, the insider now directly owns 1,834,358 shares of the company’s stock, valued at approximately $19,957,815.04. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders bought 150,986 shares of company stock worth $1,531,130 over the last ninety days.

The Gabelli Healthcare & Wellness Trust Stock Performance

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

The Gabelli Healthcare & Wellness Trust Announces Dividend

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

The Gabelli Healthcare & Wellness Trust 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.