The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Cross Below 200-Day Moving Average – Here’s What Happened

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.47 and traded as low as $9.03. The Gabelli Healthcare & Wellness Trust shares last traded at $9.12, with a volume of 7,528 shares traded.

The Gabelli Healthcare & Wellness Trust Price Performance

The stock has a 50-day moving average price of $9.31 and a two-hundred day moving average price of $9.47.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently made changes to their positions in the business. Saba Capital Management L.P. lifted its position in The Gabelli Healthcare & Wellness Trust by 3.3% during the 4th quarter. Saba Capital Management L.P. now owns 2,118,201 shares of the investment management company’s stock worth $20,398,000 after acquiring an additional 67,166 shares during the period. Sit Investment Associates Inc. lifted its position in The Gabelli Healthcare & Wellness Trust by 23.7% during the 4th quarter. Sit Investment Associates Inc. now owns 1,031,350 shares of the investment management company’s stock worth $9,932,000 after acquiring an additional 197,594 shares during the period. Gamco Investors INC. ET AL lifted its position in The Gabelli Healthcare & Wellness Trust by 9.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,296,000 after acquiring an additional 30,000 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 5.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 292,672 shares of the investment management company’s stock worth $2,818,000 after acquiring an additional 14,814 shares during the period. Finally, LPL Financial LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 2.1% during the 4th quarter. LPL Financial LLC now owns 291,560 shares of the investment management company’s stock worth $2,808,000 after acquiring an additional 5,907 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.