Capstone Investment Advisors LLC Buys New Position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) in the third quarter, HoldingsChannel.com reports. The firm purchased 17,460 shares of the investment management company’s stock, valued at approximately $191,000.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 2.2% during the first 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after buying an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the 2nd quarter valued at about $1,056,000. Cetera Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter valued at about $2,254,000. Finally, Aviance Capital Partners LLC increased its position in shares of 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.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of GRX opened at $10.42 on Monday. The Gabelli Healthcare & Wellness Trust has a one year low of $8.71 and a one year high of $11.24. The stock has a 50-day moving average price of $10.58 and a 200 day moving average price of $10.32.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Friday, December 13th.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In other news, insider Mario J. Gabelli acquired 3,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $10.18 per share, for a total transaction of $30,540.00. Following the completion of the purchase, the insider now directly owns 312,226 shares of the company’s stock, valued at $3,178,460.68. This represents a 0.97 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Saba Capital Management, L.P. bought 10,441 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of $10.59 per share, for a total transaction of $110,570.19. Following the acquisition, the insider now owns 1,857,340 shares in the company, valued at $19,669,230.60. The trade was a 0.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 45,684 shares of company stock valued at $482,342.

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.