The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Acquires 7,863 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 7,863 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $10.50 per share, for a total transaction of $82,561.50. Following the transaction, the insider now directly owns 7,863 shares in the company, valued at approximately $82,561.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of GRX stock traded up $0.04 on Wednesday, reaching $10.54. 16,164 shares of the company were exchanged, compared to its average volume of 31,516. The company has a 50-day moving average of $10.56 and a 200-day moving average of $10.33. The Gabelli Healthcare & Wellness Trust has a one year low of $8.85 and a one year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 5.69%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aviance Capital Partners LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 1.0% in 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 buying an additional 1,224 shares during the last quarter. Cetera Investment Advisers increased its stake in 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 buying an additional 3,020 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $53,000. Quarry LP purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $72,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $191,000.

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.