Mario Gabelli Buys 1,000,000 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli purchased 1,000,000 shares of the stock in a transaction on Friday, December 26th. The shares were purchased at an average cost of $10.00 per share, with a total value of $10,000,000.00. Following the transaction, the insider owned 1,000,000 shares in the company, valued at $10,000,000. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Up 0.1%

The Gabelli Healthcare & Wellness Trust stock traded up $0.01 during trading hours on Friday, hitting $9.64. 25,868 shares of the stock traded hands, compared to its average volume of 28,638. The firm’s 50 day moving average price is $9.48 and its 200-day moving average price is $9.38. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.93 and a 1 year high of $10.48.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 12th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, December 12th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Uhlmann Price Securities LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 23.2% during the second quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock worth $288,000 after purchasing an additional 5,748 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 103.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock worth $489,000 after buying an additional 25,848 shares during the period. Stephens Inc. AR lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.5% during the 2nd quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock valued at $1,038,000 after buying an additional 1,632 shares in the last quarter. Traub Capital Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at approximately $1,142,000. Finally, Wealthcare Advisory Partners LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 35.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock valued at $173,000 after acquiring an additional 4,815 shares during the period.

About The Gabelli Healthcare & Wellness Trust

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.