The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Buys 14,451 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 14,451 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $9.62 per share, for a total transaction of $139,018.62. Following the completion of the purchase, the insider owned 2,102,805 shares of the company’s stock, valued at approximately $20,228,984.10. This represents a 0.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major 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 Thursday, October 23rd, Saba Capital Management, L.P. purchased 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.28 per share, for a total transaction of $193,098.24.
• On Wednesday, October 22nd, Saba Capital Management, L.P. acquired 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.31 per share, with a total value of $9,803.43.
• On Tuesday, October 21st, Saba Capital Management, L.P. acquired 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.29 per share, with a total value of $56,873.38.
• On Friday, September 12th, Saba Capital Management, L.P. bought 7,732 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.43 per share, for a total transaction of $72,912.76.
• On Thursday, September 11th, Saba Capital Management, L.P. purchased 6,147 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.43 per share, with a total value of $57,966.21.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX stock traded up $0.01 on Thursday, reaching $9.63. 47,503 shares of the stock were exchanged, compared to its average volume of 26,888. The business’s 50 day moving average price is $9.27 and its 200 day moving average price is $9.36. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.93 and a twelve month high of $10.63.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, December 12th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds have recently modified their holdings of GRX. Stephens Inc. AR grew its position in The Gabelli Healthcare & Wellness Trust by 1.5% during the 2nd quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock worth $1,038,000 after purchasing an additional 1,632 shares during the last quarter. Aviance Capital Partners LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock valued at $1,485,000 after purchasing an additional 1,773 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 11.3% in the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock valued at $269,000 after purchasing an additional 2,880 shares during the period. Uhlmann Price Securities LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 14.9% during the third quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock worth $318,000 after purchasing an additional 4,531 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 35.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock worth $173,000 after purchasing an additional 4,815 shares during the period.

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.