The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $198,773.92 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of $9.74 per share, with a total value of $198,773.92. Following the transaction, the insider now owns 1,911,034 shares of the company’s stock, valued at $18,613,471.16. The trade was a 1.08 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 stock was purchased 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. acquired 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.40 per share, for a total transaction of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. bought 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.42 per share, with a total value of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. purchased 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.24 per share, for a total transaction of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. acquired 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.16 per share, with a total value of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. purchased 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 shares were bought at an average cost of $10.59 per share, for a total transaction of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. bought 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE:GRX traded down $0.02 during trading hours on Thursday, hitting $9.56. 55,912 shares of the stock traded hands, compared to its average volume of 31,462. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.03 and a 1 year high of $11.24. The stock has a 50 day moving average price of $10.38 and a 200 day moving average price of $10.37.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Friday, December 13th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after acquiring an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at approximately $1,056,000. Cetera Investment Advisers lifted its holdings in The Gabelli Healthcare & Wellness Trust by 1.4% in the 2nd 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 in the last quarter. Quarry LP bought a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth approximately $72,000. Finally, Capstone Investment Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth approximately $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.