The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases $53,825.20 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 5,720 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average price of $9.41 per share, for a total transaction of $53,825.20. Following the acquisition, the insider directly owned 2,162,272 shares in the company, valued at $20,346,979.52. The trade was a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major 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 Monday, October 5th, Saba Capital Management, L.P. purchased 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.38 per share, with a total value of $16,649.50.
• On Friday, October 2nd, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.35 per share, with a total value of $4,675.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. acquired 519 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.52 per share, with a total value 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 bought at an average cost of $9.71 per share, with a total value of $3,884.00.
• On Thursday, September 3rd, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.08 per share, for a total transaction of $5,040.00.
• On Thursday, August 27th, Saba Capital Management, L.P. purchased 4,340 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.05 per share, with a total value of $43,617.00.
• On Friday, August 21st, Saba Capital Management, L.P. purchased 7,087 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.13 per share, with a total value of $71,791.31.
• On Wednesday, August 19th, Saba Capital Management, L.P. purchased 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.13 per share, with a total value of $244,153.26.
• On Friday, August 14th, Saba Capital Management, L.P. acquired 1,203 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.86 per share, for a total transaction of $11,861.58.
• On Tuesday, August 11th, Saba Capital Management, L.P. acquired 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.93 per share, for a total transaction of $1,986.00.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE GRX opened at $9.42 on Thursday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.80 and a 1 year high of $10.20. The company has a fifty day moving average price of $9.83 and a 200-day moving average price of $9.43.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 7.2%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $33,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter worth $90,000. Closed End Fund Advisors Inc. bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter worth $113,000. Private Advisor Group LLC boosted its holdings 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 worth $180,000 after buying an additional 4,000 shares during the last quarter. Finally, Uhlmann Price Securities LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 22.0% in the 1st quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock worth $557,000 after buying an additional 11,088 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

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

Its portfolio may include businesses across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, managed care, diagnostics, consumer health and wellness products, and related industries.