Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Purchases $39,200.00 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 4,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average price of $9.80 per share, with a total value of $39,200.00. Following the completion of the transaction, the insider now directly owns 229,872 shares of the company’s stock, valued at $2,252,745.60. This trade represents a 1.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.76 on Friday. The business has a fifty day simple moving average of $10.15 and a 200-day simple moving average of $10.37. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.21 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.15%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the second quarter worth approximately $53,000. Quarry LP bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $72,000. Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth $191,000. Sanctuary Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter valued at $1,056,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after purchasing an additional 24,430 shares during the last quarter.

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.