The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $27,865.65 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 2,955 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of $9.43 per share, with a total value of $27,865.65. Following the completion of the acquisition, the insider directly owned 2,171,941 shares in the company, valued at approximately $20,481,403.63. The trade was a 0.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares 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, October 6th, Saba Capital Management, L.P. acquired 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.41 per share, with a total value of $41,770.99.
• On Monday, October 5th, Saba Capital Management, L.P. acquired 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.38 per share, for a total transaction of $16,649.50.
• On Thursday, October 1st, Saba Capital Management, L.P. acquired 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.41 per share, for a total transaction of $53,825.20.
• On Friday, October 2nd, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.35 per share, with a total value of $4,675.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. acquired 519 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.52 per share, for a total transaction of $4,940.88.
• On Friday, September 11th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.71 per share, for a total transaction of $3,884.00.
• On Thursday, September 3rd, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.08 per share, for a total transaction of $5,040.00.
• On Thursday, August 27th, Saba Capital Management, L.P. bought 4,340 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.05 per share, with a total value of $43,617.00.
• On Friday, August 21st, Saba Capital Management, L.P. purchased 7,087 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.13 per share, with a total value of $71,791.31.
• On Wednesday, August 19th, Saba Capital Management, L.P. purchased 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.13 per share, with a total value of $244,153.26.

The Gabelli Healthcare & Wellness Trust Stock Down 0.0%

Shares of The Gabelli Healthcare & Wellness Trust stock traded down $0.00 during trading hours on Friday, hitting $9.60. 1,138 shares of the company’s stock traded hands, compared to its average volume of 26,342. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.20. The stock has a 50 day simple moving average of $9.82 and a 200-day simple moving average of $9.43.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.1%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $33,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter worth approximately $90,000. Private Advisor Group LLC grew its position in The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after acquiring an additional 4,000 shares in the last quarter. Uhlmann Price Securities LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 22.0% during the 1st quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock worth $557,000 after purchasing an additional 11,088 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 2.1% during the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock worth $1,550,000 after purchasing an additional 3,482 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a diversified, closed-end investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling consumer products, the trust invests in publicly traded companies involved in healthcare and wellness.

Its portfolio may include businesses across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, managed care, diagnostics, consumer health and wellness products, and related industries.