The Gabelli Healthcare & Wellness Trust (GRX) to Issue Quarterly Dividend of $0.20 on December 18th

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.20 per share by the investment management company on Friday, December 18th. This represents a $0.80 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, December 11th. This is a 17.6% increase from The Gabelli Healthcare & Wellness Trust’s previous quarterly dividend of $0.17.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE GRX opened at $10.42 on Friday. The stock’s 50-day simple moving average is $9.90 and its two-hundred day simple moving average is $9.56. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.64.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 24,102 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $10.13 per share, with a total value of $244,153.26. Following the completion of the acquisition, the insider owned 2,143,706 shares of the company’s stock, valued at $21,715,741.78. This trade represents a 1.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought a total of 76,134 shares of company stock worth $761,708 over the last ninety days.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter worth approximately $33,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $90,000. International Assets Investment Management LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% during the 3rd quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock valued at $124,000 after buying an additional 2,492 shares in the last quarter. Private Advisor Group LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after buying an additional 4,000 shares in the last quarter. Finally, Uhlmann Price Securities LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 4.6% during the 3rd quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock worth $773,000 after acquiring an additional 3,569 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness. Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.