Sanctuary Advisors LLC Purchases 27,742 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Sanctuary Advisors LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 24.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,740 shares of the investment management company’s stock after buying an additional 27,742 shares during the period. Sanctuary Advisors LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,417,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GRX. International Assets Investment Management LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after acquiring an additional 55,282 shares during the period. Blue Bell Private Wealth Management LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after purchasing an additional 24,430 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $191,000. Quarry LP purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth about $72,000. Finally, Cetera Investment Advisers boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after buying an additional 3,020 shares during the last quarter.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 10,441 shares of the firm’s stock in a transaction that occurred on 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 $19,669,230.60. The trade was a 0.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mario J. Gabelli acquired 3,456 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $35,596.80. Following the completion of the acquisition, the insider now owns 225,328 shares of the company’s stock, valued at approximately $2,320,878.40. The trade was a 1.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 83,988 shares of company stock valued at $867,743.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE GRX opened at $9.65 on Friday. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.10 and a 52-week high of $11.24. The company has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $10.37.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.22%.

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.