Saba Capital Management, L.P. Acquires 1,500 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 1,500 shares of the stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of $10.27 per share, for a total transaction of $15,405.00. Following the completion of the transaction, the insider now owns 1,927,367 shares of the company’s stock, valued at $19,794,059.09. The trade was a 0.08 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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, for a total transaction of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired 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. bought 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.46 per share, with a total value of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought 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 stock was bought 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 purchased at an average cost of $10.24 per share, with a total value 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 purchased at an average price of $10.16 per share, for a total transaction of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. purchased 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired 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. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.33 per share, for a total transaction of $35,617.84.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX opened at $10.35 on Friday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $9.21 and a 12 month high of $11.24. The company has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $10.41.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.80%. The ex-dividend date was Friday, December 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Large investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $72,000. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth about $191,000. International Assets Investment Management LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% during 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 purchasing an additional 55,282 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at about $813,000. Finally, Stephens Inc. AR grew its stake in The Gabelli Healthcare & Wellness Trust by 8.6% during the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after buying an additional 8,633 shares during 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.