Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Buys 2,500 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average cost of $9.69 per share, for a total transaction of $24,225.00. Following the completion of the acquisition, the insider owned 239,425 shares in the company, valued at approximately $2,320,028.25. This represents a 1.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Gabelli Healthcare & Wellness Trust Trading Down 1.4%

Shares of GRX stock traded down $0.14 on Thursday, hitting $9.52. The company’s stock had a trading volume of 24,277 shares, compared to its average volume of 26,950. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.93 and a fifty-two week high of $10.63. The stock’s 50 day moving average is $9.32 and its 200-day moving average is $9.37.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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 given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.68 dividend on an annualized basis and a yield of 7.1%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

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

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.