The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases $105,993.44 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 11,312 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average price of $9.37 per share, with a total value of $105,993.44. Following the transaction, the insider owned 2,114,117 shares of the company’s stock, valued at $19,809,276.29. The trade was a 0.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 Wednesday, December 17th, Saba Capital Management, L.P. bought 4,084 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.36 per share, for a total transaction of $38,226.24.
• On Tuesday, November 25th, Saba Capital Management, L.P. purchased 14,451 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.62 per share, with a total value of $139,018.62.
• On Thursday, October 23rd, Saba Capital Management, L.P. purchased 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.28 per share, with a total value 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 acquired at an average cost of $9.31 per share, for a total transaction of $9,803.43.
• On Tuesday, October 21st, Saba Capital Management, L.P. bought 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.29 per share, with a total value of $56,873.38.

The Gabelli Healthcare & Wellness Trust Stock Up 1.9%

Shares of GRX stock opened at $9.63 on Friday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.93 and a 12 month high of $10.48. The company has a 50 day simple moving average of $9.41 and a two-hundred day simple moving average of $9.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Friday, December 12th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. increased its position in The Gabelli Healthcare & Wellness Trust by 83.9% in the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after buying an additional 14,132 shares in the last quarter. Uhlmann Price Securities LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 14.9% during 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. Aviance Capital Partners LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.1% during 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 acquiring an additional 1,773 shares during the period. Wolverine Asset Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at approximately $216,000. Finally, Stephens Inc. AR increased its holdings in The Gabelli Healthcare & Wellness Trust by 10.2% in the 3rd quarter. Stephens Inc. AR now owns 120,989 shares of the investment management company’s stock worth $1,097,000 after acquiring an additional 11,177 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.