The Gabelli Healthcare & Wellness Trust Plans Quarterly Dividend of $0.17 (NYSE:GRX)

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.17 per share by the investment management company on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, September 16th.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE:GRX opened at $9.92 on Thursday. The firm’s 50-day moving average is $9.47 and its 200-day moving average is $9.39. The Gabelli Healthcare & Wellness Trust has a 52-week low of $8.80 and a 52-week high of $10.05.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently modified their holdings of GRX. Osaic Holdings Inc. raised its stake in shares of 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 in the last quarter. Raymond James Financial Inc. boosted its stake in The Gabelli Healthcare & Wellness Trust by 83.9% in the 3rd quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock valued at $281,000 after buying an additional 14,132 shares in the last quarter. International Assets Investment Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $77,000. Gamco Investors INC. ET AL raised its stake in The Gabelli Healthcare & Wellness Trust by 9.6% during 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 acquiring an additional 30,000 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 2.5% during the fourth quarter. Aviance Capital Partners LLC now owns 167,843 shares of the investment management company’s stock valued at $1,616,000 after acquiring an additional 4,164 shares during the period.

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.