The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases $141,951.81 in Stock

Posted by John Adams on Jan 15th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 14,833 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were acquired at an average cost of $9.57 per share, for a total transaction of $141,951.81. Following the completion of the transaction, the insider now owns 1,925,867 shares of the company’s stock, valued at approximately $18,430,547.19. The trade was a 0.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 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 Wednesday, December 18th, Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.74 per share, with a total value of $198,773.92.
On Monday, December 2nd, Saba Capital Management, L.P. acquired 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.46 per share, with a total value 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 purchased at an average cost of $10.40 per share, with a total value 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 purchased at an average cost of $10.42 per share, for a total transaction of $29,894.98.
On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.24 per share, for a total transaction of $44,451.84.
On Friday, November 22nd, Saba Capital Management, L.P. bought 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.16 per share, for a total transaction 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 purchased at an average cost of $10.36 per share, for a total transaction of $55,571.04.
On Friday, November 1st, Saba Capital Management, L.P. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.33 per share, for a total transaction of $35,617.84.
On Thursday, October 24th, Saba Capital Management, L.P. bought 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.59 per share, for a total transaction of $110,570.19.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE GRX traded down $0.05 during trading on Tuesday, hitting $9.64. The company had a trading volume of 49,631 shares, compared to its average volume of 26,204. The Gabelli Healthcare & Wellness Trust has a 52 week low of $9.21 and a 52 week high of $11.24. The business’s 50-day moving average is $10.07 and its 200 day moving average is $10.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.22%. The ex-dividend date was Friday, December 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several large investors have recently added to or reduced their stakes in GRX. Quarry LP purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $72,000. Capstone Investment Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter worth $191,000. International Assets Investment Management LLC boosted its holdings in 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 worth $666,000 after purchasing an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the second quarter worth $1,056,000. Finally, Aviance Capital Partners LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 1.0% in the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after purchasing an additional 1,224 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

(Get Free Report)

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.