The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Acquires 20,808 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 20,808 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were purchased at an average cost of $9.28 per share, with a total value of $193,098.24. Following the completion of the transaction, the insider owned 2,088,354 shares of the company’s stock, valued at approximately $19,379,925.12. The trade was a 1.01% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Wednesday, October 22nd, Saba Capital Management, L.P. purchased 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. acquired 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought 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 bought at an average cost of $9.43 per share, with a total value of $72,912.76.
• On Thursday, September 11th, Saba Capital Management, L.P. acquired 6,147 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.43 per share, with a total value of $57,966.21.
• On Monday, August 25th, Saba Capital Management, L.P. acquired 11,330 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.48 per share, with a total value of $107,408.40.
• On Thursday, August 21st, Saba Capital Management, L.P. acquired 19,101 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.43 per share, with a total value of $180,122.43.

The Gabelli Healthcare & Wellness Trust Stock Up 0.2%

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.32 on Tuesday. The company has a 50 day moving average price of $9.30 and a 200 day moving average price of $9.39. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.93 and a 52 week high of $10.69.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Tuesday, September 16th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently modified their holdings of GRX. Stephens Inc. AR grew its stake 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 worth $1,038,000 after purchasing an additional 1,632 shares during the period. Golden State Wealth Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,622 shares of the investment management company’s stock worth $37,000 after purchasing an additional 1,811 shares during the period. Osaic Holdings Inc. grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 11.3% during the 2nd quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock worth $269,000 after purchasing an additional 2,880 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 35.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock worth $173,000 after purchasing an additional 4,815 shares during the period. Finally, Allworth Financial LP grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 98,440.0% during the 2nd quarter. Allworth Financial LP now owns 4,927 shares of the investment management company’s stock worth $47,000 after purchasing an additional 4,922 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.