The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Buys 13,156 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 13,156 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $9.62 per share, with a total value of $126,560.72. Following the acquisition, the insider now directly owns 1,969,644 shares in the company, valued at approximately $18,947,975.28. This trade represents a 0.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, March 18th, Saba Capital Management, L.P. acquired 549 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.88 per share, with a total value of $5,424.12.
• On Monday, March 10th, Saba Capital Management, L.P. bought 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.18 per share, for a total transaction of $96,068.66.
• On Thursday, March 6th, Saba Capital Management, L.P. purchased 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.97 per share, with a total value of $61,913.70.
• On Tuesday, March 4th, Saba Capital Management, L.P. acquired 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.96 per share, with a total value of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. bought 955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.89 per share, for a total transaction of $9,444.95.
• On Tuesday, January 28th, Saba Capital Management, L.P. acquired 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.27 per share, with a total value of $15,405.00.
• On Friday, January 10th, Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.57 per share, with a total value of $141,951.81.

The Gabelli Healthcare & Wellness Trust Trading Down 3.7 %

Shares of NYSE:GRX traded down $0.35 during trading on Monday, hitting $9.21. 15,510 shares of the company’s stock traded hands, compared to its average volume of 22,998. The company has a 50-day moving average price of $10.08 and a 200-day moving average price of $10.22. The Gabelli Healthcare & Wellness Trust has a 52 week low of $9.07 and a 52 week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders 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 6.51%. The ex-dividend date was Monday, March 17th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Large investors have recently made changes to their positions in the stock. Waverly Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the 4th quarter worth $473,000. Saba Capital Management L.P. boosted its position in The Gabelli Healthcare & Wellness Trust by 3.5% during the 4th quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock worth $18,422,000 after acquiring an additional 64,135 shares during the last quarter. Capstone Investment Advisors LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 469.5% during the 4th quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock worth $959,000 after acquiring an additional 81,981 shares during the last quarter. Quarry LP increased its stake in The Gabelli Healthcare & Wellness Trust by 341.8% in the 4th quarter. Quarry LP now owns 29,140 shares of the investment management company’s stock valued at $281,000 after buying an additional 22,545 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in The Gabelli Healthcare & Wellness Trust by 10.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,299,000 after buying an additional 33,000 shares in the last quarter.

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.