Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys 10,441 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 10,441 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $10.59 per share, with a total value of $110,570.19. Following the acquisition, the insider now owns 1,857,340 shares in the company, valued at approximately $19,669,230.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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 Thursday, September 26th, Saba Capital Management, L.P. acquired 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $11.12 per share, with a total value of $126,156.40.
• On Monday, August 26th, Saba Capital Management, L.P. bought 6,453 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.88 per share, with a total value of $70,208.64.
• On Thursday, August 22nd, Saba Capital Management, L.P. bought 4,205 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.69 per share, with a total value of $44,951.45.
• On Friday, August 9th, Saba Capital Management, L.P. purchased 19,481 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.47 per share, with a total value of $203,966.07.
• On Wednesday, August 7th, Saba Capital Management, L.P. bought 20,714 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.22 per share, for a total transaction of $211,697.08.
• On Friday, August 2nd, Saba Capital Management, L.P. purchased 1,200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.43 per share, for a total transaction of $12,516.00.

The Gabelli Healthcare & Wellness Trust Trading Down 0.6 %

GRX traded down $0.06 during trading on Monday, hitting $10.59. 1,543 shares of the stock were exchanged, compared to its average volume of 32,698. The Gabelli Healthcare & Wellness Trust has a 1 year low of $7.76 and a 1 year high of $11.24. The firm has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $10.18.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were issued a $0.15 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 5.67%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Aviance Capital Partners LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 2.6% in the first quarter. Aviance Capital Partners LLC now owns 121,893 shares of the investment management company’s stock worth $1,248,000 after purchasing an additional 3,101 shares in the last quarter. Matisse Capital boosted its stake in The Gabelli Healthcare & Wellness Trust by 232.7% in the first quarter. Matisse Capital now owns 101,196 shares of the investment management company’s stock valued at $1,036,000 after acquiring an additional 70,777 shares in the last quarter. Cornerstone Advisors LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 2.3% in the first quarter. Cornerstone Advisors LLC now owns 318,012 shares of the investment management company’s stock worth $3,256,000 after purchasing an additional 7,292 shares during the last quarter. Cetera Investment Advisers increased its position in shares of The Gabelli Healthcare & Wellness Trust by 2.2% during the first quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock worth $2,275,000 after purchasing an additional 4,818 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $2,254,000.

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.