The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 1,500 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 1,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of $10.27 per share, with a total value of $15,405.00. Following the transaction, the insider now directly owns 1,927,367 shares of the company’s stock, valued at approximately $19,794,059.09. This trade represents a 0.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, January 10th, Saba Capital Management, L.P. purchased 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.57 per share, for a total transaction of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.74 per share, with a total value of $198,773.92.
• On Monday, December 2nd, Saba Capital Management, L.P. bought 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.46 per share, for a total transaction of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.40 per share, with a total value of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. acquired 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.42 per share, for a total transaction of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.24 per share, with a total value of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. acquired 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.16 per share, with a total value of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. purchased 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.33 per share, with a total value of $35,617.84.

The Gabelli Healthcare & Wellness Trust Trading Down 0.1 %

Shares of GRX stock opened at $10.28 on Thursday. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.21 and a 52-week high of $11.24. The business’s fifty day moving average is $9.98 and its 200 day moving average is $10.41.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were issued a $0.15 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.84%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers increased its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after purchasing an additional 3,020 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 24.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock worth $1,417,000 after buying an additional 27,742 shares during the last quarter. Aviance Capital Partners LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after buying an additional 1,224 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 8.6% during the 4th quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after acquiring an additional 8,633 shares during the last quarter. Finally, Absolute Investment Advisers LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $813,000.

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.