The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $43,704.48 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 4,388 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $9.96 per share, for a total transaction of $43,704.48. Following the completion of the acquisition, the insider now directly owns 1,937,507 shares in the company, valued at approximately $19,297,569.72. This represents a 0.23 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, February 27th, Saba Capital Management, L.P. purchased 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired 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. purchased 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.27 per share, for a total transaction 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 purchased at an average price of $9.57 per share, for a total transaction of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. bought 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.74 per share, for a total transaction of $198,773.92.

The Gabelli Healthcare & Wellness Trust Trading Up 1.6 %

Shares of GRX opened at $10.14 on Friday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.21 and a 12-month high of $11.24. The business’s fifty day moving average is $9.98 and its 200 day moving average is $10.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Waverly Advisors LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $473,000. Saba Capital Management L.P. raised its position in The Gabelli Healthcare & Wellness Trust by 3.5% in the 4th quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock valued at $18,422,000 after buying an additional 64,135 shares during the last quarter. Capstone Investment Advisors LLC raised its position in The Gabelli Healthcare & Wellness Trust by 469.5% in the 4th quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock valued at $959,000 after buying an additional 81,981 shares during the last quarter. Quarry LP raised its position 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 raised its position in The Gabelli Healthcare & Wellness Trust by 10.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock valued at $3,299,000 after buying an additional 33,000 shares during the last quarter.

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.