Mario J. Gabelli Buys 4,000 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 4,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was acquired at an average cost of $9.80 per share, with a total value of $39,200.00. Following the transaction, the insider now owns 235,872 shares of the company’s stock, valued at $2,311,545.60. This trade represents a 1.73 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.97 on Thursday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.21 and a 1 year high of $11.24. The stock has a 50-day moving average price of $9.97 and a 200 day moving average price of $10.39.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Aviance Capital Partners LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after buying an additional 1,224 shares during the period. Cetera Investment Advisers grew its stake in The Gabelli Healthcare & Wellness Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after purchasing an additional 3,020 shares in the last quarter. Quarry LP acquired a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth about $72,000. Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth about $191,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 24.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock valued at $1,417,000 after buying an additional 27,742 shares during the last quarter.

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.