The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Purchases 3,000 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $10.18 per share, with a total value of $30,540.00. Following the completion of the purchase, the insider now directly owns 312,226 shares in the company, valued at $3,178,460.68. The trade was a 0.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX stock opened at $10.24 on Wednesday. The firm has a 50 day moving average price of $10.65 and a two-hundred day moving average price of $10.31. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.62 and a 12-month high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 5.86%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth approximately $53,000. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth approximately $72,000. Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth approximately $191,000. Sanctuary Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth approximately $1,056,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after purchasing an additional 24,430 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.