Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires 4,810 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli acquired 4,810 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average cost of $9.58 per share, with a total value of $46,079.80. Following the purchase, the insider owned 316,026 shares in the company, valued at $3,027,529.08. The trade was a 1.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

The Gabelli Healthcare & Wellness Trust Trading Up 0.3%

The Gabelli Healthcare & Wellness Trust stock traded up $0.03 during mid-day trading on Wednesday, hitting $9.60. 30,693 shares of the company’s stock were exchanged, compared to its average volume of 39,978. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.93 and a 1-year high of $10.48. The stock has a 50 day moving average of $9.54 and a two-hundred day moving average of $9.39.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 15.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 277,858 shares of the investment management company’s stock worth $2,520,000 after purchasing an additional 37,156 shares during the period. Aviance Capital Partners LLC lifted its holdings 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 acquiring an additional 1,773 shares during the period. Stephens Inc. AR boosted its position 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 valued at $1,097,000 after acquiring an additional 11,177 shares in the last quarter. Traub Capital Management LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at about $1,142,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 103.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock valued at $489,000 after acquiring an additional 25,848 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.