The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock: Insider Saba Capital Management, L.P. Acquires 10,196 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 10,196 shares of the business’s stock in a transaction on Friday, October 30th. The shares were acquired at an average price of $10.13 per share, for a total transaction of $103,285.48. Following the completion of the purchase, the insider owned 2,184,821 shares in the company, valued at approximately $22,132,236.73. The trade was a 0.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large 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 Monday, November 2nd, Saba Capital Management, L.P. bought 1,201 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.15 per share, with a total value of $12,190.15.
• On Thursday, October 29th, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.09 per share, with a total value of $5,045.00.
• On Tuesday, October 27th, Saba Capital Management, L.P. purchased 300 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.99 per share, with a total value of $2,997.00.
• On Monday, October 26th, Saba Capital Management, L.P. purchased 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $12,840.00.
• On Thursday, October 15th, Saba Capital Management, L.P. acquired 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired 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. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost 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 acquired at an average price 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 acquired at an average price of $9.41 per share, with a total value of $41,770.99.
• On Monday, October 5th, Saba Capital Management, L.P. bought 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost 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 stock was acquired at an average cost of $9.41 per share, with a total value of $53,825.20.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX opened at $10.31 on Wednesday. The company’s 50-day simple moving average is $9.85 and its two-hundred day simple moving average is $9.53. The Gabelli Healthcare & Wellness Trust has a 52-week low of $8.80 and a 52-week high of $10.29.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Wednesday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRX. Uhlmann Price Securities LLC grew its position in The Gabelli Healthcare & Wellness Trust by 4.6% in the 3rd quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock worth $773,000 after purchasing an additional 3,569 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 10.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock valued at $3,441,000 after buying an additional 34,122 shares during the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 0.8% during the 3rd quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock valued at $1,644,000 after buying an additional 1,405 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 23.7% during the 3rd quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock valued at $124,000 after buying an additional 2,492 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth $90,000.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness.

Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.