The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Holdings Boosted by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 22.3% in the 4th quarter, Holdings Channel reports. The fund owned 205,798 shares of the investment management company’s stock after buying an additional 37,481 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,984,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $171,000. Winebrenner Capital Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $125,000. Sanctuary Advisors LLC grew its position in shares of The Gabelli Healthcare & Wellness Trust by 7.5% during the fourth quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock worth $1,555,000 after acquiring an additional 10,486 shares during the last quarter. Stephens Inc. AR grew its position in shares of The Gabelli Healthcare & Wellness Trust by 8.6% during the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after acquiring an additional 8,633 shares during the last quarter. Finally, Absolute Investment Advisers LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $813,000.

Insider Buying and Selling

In related news, insider Mario J. Gabelli acquired 4,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of $9.80 per share, with a total value of $39,200.00. Following the completion of the acquisition, the insider now directly owns 229,872 shares of the company’s stock, valued at $2,252,745.60. This trade represents a 1.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of $9.74 per share, with a total value of $198,773.92. Following the acquisition, the insider now directly owns 1,911,034 shares of the company’s stock, valued at approximately $18,613,471.16. This trade represents a 1.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 55,540 shares of company stock valued at $543,427 over the last 90 days.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock opened at $10.00 on Friday. The company has a 50-day simple moving average of $9.98 and a 200-day simple moving average of $10.38. The Gabelli Healthcare & Wellness Trust has a one year low of $9.21 and a one year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Monday, March 17th.

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.