The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 20,408 Shares

Posted by Martin Roberts on Dec 20th, 2024

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 20,408 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $9.74 per share, for a total transaction of $198,773.92. Following the transaction, the insider now directly owns 1,911,034 shares of the company’s stock, valued at approximately $18,613,471.16. This represents a 1.08 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

On Monday, December 2nd, Saba Capital Management, L.P. bought 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.46 per share, for a total transaction of $13,723.52.
On Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.40 per share, with a total value of $53,591.20.
On Wednesday, November 27th, Saba Capital Management, L.P. acquired 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.42 per share, for a total transaction of $29,894.98.
On Monday, November 25th, Saba Capital Management, L.P. bought 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 Friday, November 22nd, Saba Capital Management, L.P. purchased 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.16 per share, for a total transaction of $49,540.16.
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. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.33 per share, for a total transaction of $35,617.84.
On Thursday, October 24th, Saba Capital Management, L.P. purchased 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased 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 purchased at an average cost of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX opened at $9.56 on Friday. The firm’s fifty day simple moving average is $10.38 and its 200-day simple moving average is $10.37. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.03 and a twelve month high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 6.28%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the second quarter valued at approximately $53,000. Quarry LP purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $72,000. Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $191,000. Sanctuary Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth $1,056,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 26.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after acquiring an additional 24,430 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

(Get Free Report)

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.