Absolute Investment Advisers LLC Invests $813,000 in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Absolute Investment Advisers LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 84,299 shares of the investment management company’s stock, valued at approximately $813,000.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust during the third quarter valued at $72,000. Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at about $191,000. International Assets Investment Management LLC boosted its position in shares of 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the second quarter worth approximately $1,056,000. Finally, Aviance Capital Partners LLC increased 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 Price Performance

Shares of NYSE GRX opened at $10.45 on Monday. The company’s fifty day simple moving average is $9.99 and its 200 day simple moving average is $10.42. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.21 and a 12-month high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 5.74%.

Insider Activity

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli purchased 3,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of $10.18 per share, with a total value of $30,540.00. Following the transaction, the insider now owns 312,226 shares in the company, valued at $3,178,460.68. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Saba Capital Management, L.P. purchased 4,876 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average price of $10.16 per share, with a total value of $49,540.16. Following the purchase, the insider now directly owns 1,871,028 shares in the company, valued at $19,009,644.48. This represents a 0.26 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 78,723 shares of company stock worth $785,534 in the last three months.

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.