Saba Capital Management, L.P. Buys 6,210 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 6,210 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $9.97 per share, for a total transaction of $61,913.70. Following the completion of the transaction, the insider now directly owns 1,943,717 shares in the company, valued at approximately $19,378,858.49. This trade represents a 0.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 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 Tuesday, March 4th, Saba Capital Management, L.P. acquired 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.96 per share, for a total transaction of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. acquired 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased 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 stock was bought 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. purchased 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought 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. purchased 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.74 per share, for a total transaction of $198,773.92.

The Gabelli Healthcare & Wellness Trust Trading Up 0.1 %

Shares of NYSE GRX opened at $10.15 on Tuesday. The firm’s fifty day moving average is $10.00 and its two-hundred day moving average is $10.37. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.21 and a 52-week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 5.91%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aviance Capital Partners LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after acquiring an additional 1,224 shares during the last quarter. Quarry LP bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth about $72,000. Stephens Inc. AR increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 8.6% in the 4th quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after buying an additional 8,633 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock worth $1,555,000 after buying an additional 10,486 shares during the last quarter. Finally, Winebrenner Capital Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter worth about $125,000.

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.