Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires 3,000 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 3,000 shares of the stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the acquisition, the insider now directly owns 312,226 shares of the company’s stock, valued at approximately $3,178,460.68. This represents a 0.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Healthcare & Wellness Trust Price Performance

The Gabelli Healthcare & Wellness Trust stock traded down $0.01 during mid-day trading on Tuesday, reaching $10.25. 10,280 shares of the company’s stock traded hands, compared to its average volume of 31,665. The stock has a 50 day moving average of $10.65 and a two-hundred day moving average 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 company 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. This represents a $0.60 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aviance Capital Partners LLC increased its position in The Gabelli Healthcare & Wellness Trust by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after acquiring an additional 1,224 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of 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 worth $2,158,000 after purchasing an additional 3,020 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the second quarter worth about $53,000. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth about $72,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth about $191,000.

The Gabelli Healthcare & Wellness Trust Company Profile

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.