The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,312 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of $10.46 per share, with a total value of $13,723.52. Following the completion of the purchase, the insider now directly owns 1,890,626 shares in the company, valued at $19,775,947.96. This trade represents a 0.07 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.40 per share, with a total value of $53,591.20.
- On Wednesday, November 27th, Saba Capital Management, L.P. acquired 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.42 per share, for a total transaction of $29,894.98.
- On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.24 per share, with a total value of $44,451.84.
- On Friday, November 22nd, Saba Capital Management, L.P. purchased 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.16 per share, for a total transaction of $49,540.16.
- On Monday, November 4th, Saba Capital Management, L.P. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought 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. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost 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 shares were purchased at an average price of $10.59 per share, for a total transaction of $110,570.19.
- On Thursday, September 26th, Saba Capital Management, L.P. acquired 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $126,156.40.
The Gabelli Healthcare & Wellness Trust Price Performance
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GRX opened at $10.50 on Wednesday. The stock has a fifty day moving average of $10.57 and a 200-day moving average of $10.33. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.85 and a fifty-two week high of $11.24.
The Gabelli Healthcare & Wellness Trust Announces Dividend
The firm 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 $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Friday, December 13th.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
A number of institutional investors have recently bought and sold shares of GRX. Aviance Capital Partners LLC raised its holdings in 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 acquiring an additional 1,224 shares in the last quarter. Cetera Investment Advisers raised its stake in The Gabelli Healthcare & Wellness Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company's stock valued at $2,158,000 after purchasing an additional 3,020 shares in the last quarter. International Assets Investment Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the second quarter worth about $53,000. Quarry LP acquired a new stake in The Gabelli Healthcare & Wellness Trust during the third quarter worth about $72,000. Finally, Capstone Investment Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at about $191,000.
About The Gabelli Healthcare & Wellness Trust
(
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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