Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases 4,876 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 4,876 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of $10.16 per share, with a total value of $49,540.16. Following the purchase, the insider now owns 1,871,028 shares of the company’s stock, valued at approximately $19,009,644.48. This represents a 0.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, November 25th, Saba Capital Management, L.P. acquired 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.24 per share, with a total value of $44,451.84.
• On Monday, November 4th, Saba Capital Management, L.P. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.36 per share, with a total value of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. acquired 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.33 per share, with a total value of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.59 per share, with a total value of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. acquired 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE GRX opened at $10.30 on Thursday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.62 and a 1 year high of $11.24. The company has a fifty day moving average of $10.63 and a two-hundred day moving average of $10.31.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.83%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth about $53,000. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth about $72,000. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth about $191,000. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth about $1,056,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake 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 buying 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.