The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires $1,000,000.00 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli bought 100,000 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the insider owned 500,000 shares of the company’s stock, valued at $5,000,000. The trade was a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX stock traded down $0.04 during trading hours on Tuesday, reaching $9.61. The stock had a trading volume of 14,544 shares, compared to its average volume of 28,623. The stock has a 50-day simple moving average of $9.46 and a 200 day simple moving average of $9.38. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.93 and a fifty-two week high of $10.48.

The Gabelli Healthcare & Wellness Trust Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 83.9% during the 3rd quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after acquiring an additional 14,132 shares during the last quarter. Uhlmann Price Securities LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 14.9% in the third quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock valued at $318,000 after purchasing an additional 4,531 shares during the period. Aviance Capital Partners LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock worth $1,485,000 after buying an additional 1,773 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth about $216,000. Finally, Stephens Inc. AR boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 10.2% during the 3rd quarter. Stephens Inc. AR now owns 120,989 shares of the investment management company’s stock worth $1,097,000 after buying an additional 11,177 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

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.