The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,201 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of $10.15 per share, for a total transaction of $12,190.15. Following the completion of the acquisition, the insider owned 2,186,022 shares of the company’s stock, valued at approximately $22,188,123.30. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, October 30th, Saba Capital Management, L.P. purchased 10,196 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.13 per share, for a total transaction of $103,285.48.
- On Thursday, October 29th, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.09 per share, with a total value of $5,045.00.
- On Tuesday, October 27th, Saba Capital Management, L.P. purchased 300 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.99 per share, with a total value of $2,997.00.
- On Monday, October 26th, Saba Capital Management, L.P. acquired 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.00 per share, with a total value of $12,840.00.
- On Thursday, October 15th, Saba Capital Management, L.P. acquired 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.88 per share, for a total transaction of $1,976.00.
- On Thursday, October 8th, Saba Capital Management, L.P. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.40 per share, for a total transaction of $3,760.00.
- On Wednesday, October 7th, Saba Capital Management, L.P. bought 2,955 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 $27,865.65.
- On Tuesday, October 6th, Saba Capital Management, L.P. bought 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.41 per share, for a total transaction of $41,770.99.
- On Monday, October 5th, Saba Capital Management, L.P. bought 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.38 per share, with a total value of $16,649.50.
- On Thursday, October 1st, Saba Capital Management, L.P. bought 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.41 per share, with a total value of $53,825.20.
The Gabelli Healthcare & Wellness Trust Stock Performance
Shares of The Gabelli Healthcare & Wellness Trust stock opened at $10.31 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.80 and a 1 year high of $10.29. The business has a 50-day moving average of $9.85 and a two-hundred day moving average of $9.53.
The Gabelli Healthcare & Wellness Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Wednesday, September 16th.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Several hedge funds have recently bought and sold shares of GRX. Uhlmann Price Securities LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 4.6% in the third quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock valued at $773,000 after buying an additional 3,569 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 10.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock worth $3,441,000 after acquiring an additional 34,122 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 0.8% during the third quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock worth $1,644,000 after acquiring an additional 1,405 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% during the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock worth $124,000 after acquiring an additional 2,492 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth $90,000.
About The Gabelli Healthcare & Wellness Trust
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness.
Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.
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