The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,284 shares of the company’s stock in a transaction on Monday, October 26th. The stock was purchased at an average price of $10.00 per share, with a total value of $12,840.00. Following the completion of the transaction, the insider directly owned 2,173,825 shares of the company’s stock, valued at approximately $21,738,250. The trade was a 0.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, October 15th, Saba Capital Management, L.P. purchased 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.88 per share, for a total transaction of $1,976.00.
- On Thursday, October 8th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.40 per share, for a total transaction of $3,760.00.
- On Wednesday, October 7th, Saba Capital Management, L.P. acquired 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.43 per share, with a total value of $27,865.65.
- On Tuesday, October 6th, Saba Capital Management, L.P. acquired 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.41 per share, with a total value of $41,770.99.
- On Monday, October 5th, Saba Capital Management, L.P. acquired 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.38 per share, with a total value of $16,649.50.
- On Thursday, October 1st, Saba Capital Management, L.P. bought 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.41 per share, for a total transaction of $53,825.20.
- On Friday, October 2nd, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.35 per share, for a total transaction of $4,675.00.
- On Wednesday, September 30th, Saba Capital Management, L.P. purchased 519 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.52 per share, for a total transaction of $4,940.88.
- On Friday, September 11th, Saba Capital Management, L.P. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.71 per share, for a total transaction of $3,884.00.
- On Thursday, September 3rd, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.08 per share, with a total value of $5,040.00.
The Gabelli Healthcare & Wellness Trust Stock Performance
NYSE GRX traded up $0.03 on Tuesday, reaching $10.03. The company had a trading volume of 5,218 shares, compared to its average volume of 25,532. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.80 and a fifty-two week high of $10.20. The business has a 50 day moving average of $9.83 and a two-hundred day moving average of $9.52.
The Gabelli Healthcare & Wellness Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 6.8%.
Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $90,000. Gamco Investors INC. ET AL raised its holdings in The Gabelli Healthcare & Wellness Trust by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock worth $3,132,000 after purchasing an additional 3,800 shares during the last quarter. Aviance Capital Partners LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 2.1% during the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock worth $1,550,000 after purchasing an additional 3,482 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth approximately $33,000. Finally, Private Advisor Group LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 25.2% in the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 4,000 shares during the last quarter.
The Gabelli Healthcare & Wellness Trust Company Profile
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end investment company focused on long-term capital appreciation. Rather than operating healthcare businesses directly, the trust invests primarily in the equity securities of companies involved in the healthcare and wellness industries.
Its investment universe may include pharmaceutical and biotechnology companies, medical-device manufacturers, healthcare-services providers, and businesses serving broader consumer wellness markets.
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