The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.43 and traded as low as $8.85. The Gabelli Healthcare & Wellness Trust shares last traded at $8.8790, with a volume of 17,396 shares changing hands.

The Gabelli Healthcare & Wellness Trust Price Performance

The stock has a 50-day moving average price of $9.08 and a 200 day moving average price of $9.43.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently added to or reduced their stakes in GRX. Osaic Holdings Inc. grew its position in The Gabelli Healthcare & Wellness Trust by 11.3% during the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock valued at $269,000 after acquiring an additional 2,880 shares during the period. Uhlmann Price Securities LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 14.9% in the third quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock worth $318,000 after buying an additional 4,531 shares during the period. Raymond James Financial Inc. boosted its position in shares of 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 during the period. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $77,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 9.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,296,000 after buying an additional 30,000 shares during the period.

About The Gabelli Healthcare & Wellness Trust

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.