The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $44,451.84 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 4,341 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of $10.24 per share, with a total value of $44,451.84. Following the completion of the purchase, the insider now directly owns 1,875,369 shares in the company, valued at $19,203,778.56. This represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing 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, November 22nd, Saba Capital Management, L.P. bought 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought 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. purchased 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.36 per share, with a total value 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 shares were acquired at an average cost of $10.33 per share, with a total value of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. purchased 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.59 per share, with a total value of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Up 0.5 %

Shares of NYSE GRX opened at $10.30 on Friday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.62 and a 1 year high of $11.24. The business has a 50-day moving average of $10.61 and a two-hundred day moving average of $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after purchasing an additional 3,020 shares during the last quarter. Cetera Advisors LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $2,254,000. Sanctuary Advisors LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 24.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock valued at $1,417,000 after acquiring an additional 27,742 shares during the last quarter. Aviance Capital Partners LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 26.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after acquiring an additional 24,430 shares during the last quarter.

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.