The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Passes Below 200-Day Moving Average – Time to Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.27 and traded as low as $9.95. The Gabelli Healthcare & Wellness Trust shares last traded at $10.00, with a volume of 10,052 shares changing hands.

The Gabelli Healthcare & Wellness Trust Stock Performance

The firm’s 50-day moving average is $10.08 and its 200-day moving average is $10.27.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend was Monday, March 17th.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In related news, insider Mario J. Gabelli bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $9.80 per share, for a total transaction of $39,200.00. Following the completion of the acquisition, the insider now owns 229,872 shares of the company’s stock, valued at $2,252,745.60. This trade represents a 1.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Saba Capital Management, L.P. purchased 14,833 shares of the business’s stock in a transaction on Friday, January 10th. The shares were purchased at an average price of $9.57 per share, with a total value of $141,951.81. Following the completion of the purchase, the insider now owns 1,925,867 shares in the company, valued at approximately $18,430,547.19. This trade represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 47,872 shares of company stock worth $472,463.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at $72,000. Stephens Inc. AR raised its holdings in shares of The Gabelli Healthcare & Wellness Trust by 8.6% in the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock valued at $1,046,000 after acquiring an additional 8,633 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock worth $1,555,000 after acquiring an additional 10,486 shares during the period. Winebrenner Capital Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at approximately $125,000. Finally, Independent Advisor Alliance purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $147,000.

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.