Traub Capital Management LLC Buys Shares of 120,837 The Gabelli Healthcare & Wellness Trust $GRX

Traub Capital Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 120,837 shares of the investment management company’s stock, valued at approximately $1,142,000. The Gabelli Healthcare & Wellness Trust accounts for about 1.1% of Traub Capital Management LLC’s holdings, making the stock its 23rd biggest position.

Several other institutional investors have also bought and sold shares of GRX. LPL Financial LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 3.1% during the first quarter. LPL Financial LLC now owns 289,088 shares of the investment management company’s stock valued at $2,914,000 after purchasing an additional 8,739 shares during the period. Shaker Financial Services LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $155,000. Wolverine Asset Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 1st quarter worth about $78,000. Sit Investment Associates Inc. increased its holdings in The Gabelli Healthcare & Wellness Trust by 16.1% in the 1st quarter. Sit Investment Associates Inc. now owns 426,290 shares of the investment management company’s stock worth $4,297,000 after acquiring an additional 59,255 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in The Gabelli Healthcare & Wellness Trust by 2.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 350,109 shares of the investment management company’s stock valued at $3,529,000 after acquiring an additional 7,883 shares during the period.

Insider Buying and Selling

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli bought 1,800,000 shares of the stock in a transaction on Thursday, October 30th. The shares were acquired at an average price of $10.18 per share, with a total value of $18,324,000.00. Following the acquisition, the insider directly owned 2,000,000 shares of the company’s stock, valued at $20,360,000. The trade was a 900.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Saba Capital Management, L.P. purchased 20,808 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was bought at an average cost of $9.28 per share, with a total value of $193,098.24. Following the completion of the acquisition, the insider directly owned 2,088,354 shares of the company’s stock, valued at approximately $19,379,925.12. This trade represents a 1.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 1,872,293 shares of company stock valued at $19,002,185 over the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Up 0.0%

NYSE GRX opened at $9.41 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.93 and a 52 week high of $10.63. The firm’s 50-day simple moving average is $9.25 and its two-hundred day simple moving average is $9.37.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.68 annualized dividend and a yield of 7.2%.

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.