Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases 2,869 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 2,869 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of $10.42 per share, with a total value of $29,894.98. Following the purchase, the insider now owns 1,884,161 shares of the company’s stock, valued at $19,632,957.62. The trade was a 0.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 25th, Saba Capital Management, L.P. purchased 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price 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 bought at an average price of $10.16 per share, for a total transaction 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 bought at an average cost of $10.36 per share, with a total value of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. acquired 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.33 per share, for a total transaction of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.59 per share, with a total value of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Up 1.2 %

Shares of NYSE GRX opened at $10.42 on Friday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.71 and a twelve month high of $11.24. The stock has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

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

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds have recently made changes to their positions in the business. Aviance Capital Partners LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.0% in the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after purchasing an additional 1,224 shares in the last quarter. Cetera Investment Advisers grew its stake 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 acquiring an additional 3,020 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth $53,000. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at $72,000. Finally, Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at $191,000.

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.