The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 4,876 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price of $10.16 per share, with a total value of $49,540.16. Following the acquisition, the insider now owns 1,871,028 shares of the company's stock, valued at approximately $19,009,644.48. This trade represents a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Monday, November 4th, Saba Capital Management, L.P. purchased 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price 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 shares were purchased at an average price 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 stock was 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 shares were acquired at an average cost of $11.12 per share, for a total transaction of $126,156.40.
The Gabelli Healthcare & Wellness Trust Stock Performance
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Shares of NYSE:GRX opened at $10.26 on Tuesday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.62 and a 12-month high of $11.24. The company's 50 day moving average price is $10.65 and its two-hundred day moving average price is $10.31.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 5.85%.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its position in shares of The Gabelli Healthcare & Wellness Trust by 2.2% in the first quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company's stock worth $2,275,000 after purchasing an additional 4,818 shares during the period. International Assets Investment Management LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company's stock worth $666,000 after buying an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust in the 2nd quarter valued at about $1,056,000. Cetera Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at approximately $2,254,000. Finally, Aviance Capital Partners LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company's stock valued at $1,416,000 after buying an additional 1,224 shares in the last quarter.
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.
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