Mario J. Gabelli Acquires 4,000 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 4,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was bought at an average cost of $9.80 per share, with a total value of $39,200.00. Following the acquisition, the insider now directly owns 235,872 shares of the company’s stock, valued at approximately $2,311,545.60. The trade was a 1.73 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock traded up $0.15 during trading on Tuesday, reaching $9.93. 14,863 shares of the company were exchanged, compared to its average volume of 26,214. The company has a 50-day moving average of $9.99 and a two-hundred day moving average of $10.39. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.21 and a twelve month high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 6.05%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently bought and sold shares of GRX. Sanctuary Advisors LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 24.8% during the third quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock worth $1,417,000 after purchasing an additional 27,742 shares during the last quarter. Quarry LP acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $72,000. Capstone Investment Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $191,000. Aviance Capital Partners LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after acquiring an additional 1,224 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in The Gabelli Healthcare & Wellness Trust by 995.0% in the 3rd 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 during the period.

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.