Mario J. Gabelli Acquires 3,456 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 3,456 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $10.30 per share, with a total value of $35,596.80. Following the completion of the purchase, the insider now directly owns 225,328 shares of the company’s stock, valued at $2,320,878.40. This represents a 1.56 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Down 2.4 %

Shares of GRX stock opened at $9.80 on Wednesday. The firm’s 50-day moving average is $10.43 and its 200-day moving average is $10.38. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.03 and a 52-week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.12%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently modified their holdings of GRX. International Assets Investment Management LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the second quarter valued at approximately $53,000. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth $72,000. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $191,000. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the second quarter valued at about $1,056,000. Finally, Blue Bell Private Wealth Management LLC increased its position in The Gabelli Healthcare & Wellness Trust by 26.7% during the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after acquiring an additional 24,430 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.