The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $38,226.24 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 4,084 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average cost of $9.36 per share, for a total transaction of $38,226.24. Following the completion of the acquisition, the insider directly owned 2,118,201 shares in the company, valued at approximately $19,826,361.36. This trade represents a 0.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% 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 Tuesday, December 16th, Saba Capital Management, L.P. purchased 11,312 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.37 per share, with a total value of $105,993.44.
• On Tuesday, November 25th, Saba Capital Management, L.P. acquired 14,451 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.62 per share, with a total value of $139,018.62.
• On Thursday, October 23rd, Saba Capital Management, L.P. acquired 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.28 per share, for a total transaction of $193,098.24.
• On Wednesday, October 22nd, Saba Capital Management, L.P. bought 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.31 per share, for a total transaction of $9,803.43.
• On Tuesday, October 21st, Saba Capital Management, L.P. bought 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.29 per share, with a total value of $56,873.38.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock opened at $9.63 on Friday. The firm has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $9.38. The Gabelli Healthcare & Wellness Trust has a 52-week low of $8.93 and a 52-week high of $10.48.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 12th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Large investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL raised its position in shares of The Gabelli Healthcare & Wellness Trust by 2.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 350,109 shares of the investment management company’s stock worth $3,529,000 after acquiring an additional 7,883 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 103.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock worth $489,000 after purchasing an additional 25,848 shares during the period. Wealthcare Advisory Partners LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 35.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock worth $173,000 after purchasing an additional 4,815 shares during the period. Uhlmann Price Securities LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 23.2% in the second quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock worth $288,000 after purchasing an additional 5,748 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in The Gabelli Healthcare & Wellness Trust by 1.5% in the second quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock valued at $1,038,000 after buying an additional 1,632 shares during the period.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.