The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $139,018.62 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 14,451 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of $9.62 per share, for a total transaction of $139,018.62. Following the acquisition, the insider owned 2,102,805 shares of the company’s stock, valued at $20,228,984.10. This trade represents a 0.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 23rd, Saba Capital Management, L.P. acquired 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.28 per share, for a total transaction of $193,098.24.
• On Wednesday, October 22nd, Saba Capital Management, L.P. bought 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.31 per share, with a total value of $9,803.43.
• On Tuesday, October 21st, Saba Capital Management, L.P. bought 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.29 per share, with a total value of $56,873.38.
• On Friday, September 12th, Saba Capital Management, L.P. acquired 7,732 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.43 per share, for a total transaction of $72,912.76.
• On Thursday, September 11th, Saba Capital Management, L.P. purchased 6,147 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.43 per share, for a total transaction of $57,966.21.

The Gabelli Healthcare & Wellness Trust Trading Up 0.3%

GRX traded up $0.03 during midday trading on Wednesday, hitting $9.65. The company had a trading volume of 38,237 shares, compared to its average volume of 26,847. The stock’s 50 day moving average price is $9.26 and its 200 day moving average price is $9.36. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.93 and a 52 week high of $10.63.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds have recently bought and sold shares of the business. Traub Capital Management LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the second quarter worth $1,142,000. Sit Investment Associates Inc. lifted its position in The Gabelli Healthcare & Wellness Trust by 16.1% in the 1st quarter. Sit Investment Associates Inc. now owns 426,290 shares of the investment management company’s stock valued at $4,297,000 after acquiring an additional 59,255 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in The Gabelli Healthcare & Wellness Trust by 15.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 277,858 shares of the investment management company’s stock valued at $2,520,000 after purchasing an additional 37,156 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in 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 valued at $489,000 after purchasing an additional 25,848 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $216,000.

About The Gabelli Healthcare & Wellness Trust

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.