The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. bought 13,156 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $9.62 per share, for a total transaction of $126,560.72. Following the transaction, the insider now owns 1,969,644 shares of the company's stock, valued at $18,947,975.28. The trade was a 0.67 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 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 Tuesday, March 18th, Saba Capital Management, L.P. purchased 549 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.88 per share, for a total transaction of $5,424.12.
- On Monday, March 10th, Saba Capital Management, L.P. bought 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.18 per share, with a total value of $96,068.66.
- On Thursday, March 6th, Saba Capital Management, L.P. purchased 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.97 per share, for a total transaction of $61,913.70.
- On Tuesday, March 4th, Saba Capital Management, L.P. acquired 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.96 per share, with a total value of $43,704.48.
- On Thursday, February 27th, Saba Capital Management, L.P. bought 955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.89 per share, with a total value of $9,444.95.
- On Tuesday, January 28th, Saba Capital Management, L.P. purchased 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.27 per share, for a total transaction of $15,405.00.
- On Friday, January 10th, Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.57 per share, with a total value of $141,951.81.
The Gabelli Healthcare & Wellness Trust Stock Performance
GRX opened at $9.31 on Tuesday. The stock's fifty day simple moving average is $10.06 and its 200 day simple moving average is $10.21. The Gabelli Healthcare & Wellness Trust has a 1-year low of $9.07 and a 1-year high of $11.24.
The Gabelli Healthcare & Wellness Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date was Monday, March 17th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GRX. Quarry LP bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth approximately $72,000. Sanctuary Advisors LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 24.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company's stock worth $1,417,000 after purchasing an additional 27,742 shares during the last quarter. Absolute Investment Advisers LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $813,000. Stephens Inc. AR grew its holdings in The Gabelli Healthcare & Wellness Trust by 8.6% in the 4th quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company's stock valued at $1,046,000 after buying an additional 8,633 shares in the last quarter. Finally, Winebrenner Capital Management LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 4th quarter worth $125,000.
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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