The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Acquires 1,500 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 1,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of $10.27 per share, for a total transaction of $15,405.00. Following the acquisition, the insider now directly owns 1,927,367 shares in the company, valued at $19,794,059.09. This represents a 0.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Friday, January 10th, Saba Capital Management, L.P. purchased 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.57 per share, with a total value of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.74 per share, for a total transaction of $198,773.92.
• On Monday, December 2nd, Saba Capital Management, L.P. purchased 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.46 per share, with a total value of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.40 per share, for a total transaction of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. acquired 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.42 per share, for a total transaction of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.24 per share, with a total value of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. acquired 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.16 per share, with a total value of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. purchased 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.33 per share, with a total value of $35,617.84.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX traded down $0.01 during trading hours on Wednesday, hitting $10.28. 24,276 shares of the stock were exchanged, compared to its average volume of 28,258. The Gabelli Healthcare & Wellness Trust has a 12 month low of $9.21 and a 12 month high of $11.24. The stock has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $10.41.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at approximately $72,000. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth approximately $191,000. International Assets Investment Management LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 55,282 shares during the period. Absolute Investment Advisers LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 4th quarter worth $813,000. Finally, Stephens Inc. AR increased its position in The Gabelli Healthcare & Wellness Trust by 8.6% in the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after buying an additional 8,633 shares during the period.

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.