Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires 1,000 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of $10.20 per share, with a total value of $10,200.00. Following the completion of the transaction, the insider now directly owns 236,925 shares of the company’s stock, valued at $2,416,635. This represents a 0.42 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

The Gabelli Healthcare & Wellness Trust Trading Down 0.7 %

GRX stock traded down $0.07 during mid-day trading on Monday, hitting $10.04. 25,115 shares of the stock were exchanged, compared to its average volume of 26,243. The business has a fifty day moving average price of $9.93 and a 200 day moving average price of $10.41. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $72,000. Winebrenner Capital Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $125,000. Independent Advisor Alliance bought a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $147,000. Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at about $191,000. Finally, Raymond James Financial Inc. bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at about $171,000.

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.