Saba Capital Management, L.P. Acquires 20,408 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

Posted by Teresa Graham on Dec 22nd, 2024

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 20,408 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $9.74 per share, for a total transaction of $198,773.92. Following the completion of the purchase, the insider now owns 1,911,034 shares of the company’s stock, valued at approximately $18,613,471.16. This represents a 1.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Monday, December 2nd, Saba Capital Management, L.P. purchased 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.46 per share, with a total value of $13,723.52.
On Friday, November 29th, Saba Capital Management, L.P. acquired 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.40 per share, for a total transaction of $53,591.20.
On Wednesday, November 27th, Saba Capital Management, L.P. bought 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.42 per share, with a total value of $29,894.98.
On Monday, November 25th, Saba Capital Management, L.P. acquired 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.24 per share, for a total transaction of $44,451.84.
On Friday, November 22nd, Saba Capital Management, L.P. bought 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased 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 stock was 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. acquired 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.33 per share, for a total transaction of $35,617.84.
On Thursday, October 24th, Saba Capital Management, L.P. bought 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 stock was bought at an average cost of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX opened at $9.65 on Friday. The business has a fifty day simple moving average of $10.36 and a 200-day simple moving average of $10.37. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.10 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a $0.15 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 6.22%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently bought and sold shares of GRX. International Assets Investment Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the second quarter worth approximately $53,000. Quarry LP purchased a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $72,000. Capstone Investment Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $191,000. Sanctuary Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the second quarter valued at $1,056,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in 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 buying an additional 24,430 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

(Get Free Report)

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.