The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,100 shares of the stock in a transaction on Friday, April 11th. The stock was acquired at an average cost of $9.24 per share, with a total value of $10,164.00. Following the acquisition, the insider now owns 1,970,744 shares of the company's stock, valued at approximately $18,209,674.56. This represents a 0.06 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, April 4th, Saba Capital Management, L.P. acquired 13,156 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.62 per share, with a total value of $126,560.72.
- On Tuesday, March 18th, Saba Capital Management, L.P. bought 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. purchased 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought 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. acquired 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought 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. bought 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.96 per share, with a total value of $43,704.48.
- On Thursday, February 27th, Saba Capital Management, L.P. purchased 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.89 per share, for a total transaction of $9,444.95.
- On Tuesday, January 28th, Saba Capital Management, L.P. acquired 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.27 per share, with a total value of $15,405.00.
The Gabelli Healthcare & Wellness Trust Price Performance
GRX opened at $9.51 on Tuesday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.03 and a 12-month high of $11.24. The firm has a 50 day moving average of $9.93 and a two-hundred day moving average of $10.13.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 6.31%.
Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust
Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 24.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company's stock valued at $1,417,000 after buying an additional 27,742 shares during the period. Absolute Investment Advisers LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter worth approximately $813,000. Stephens Inc. AR grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 8.6% during the 4th quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company's stock worth $1,046,000 after purchasing an additional 8,633 shares during the period. Winebrenner Capital Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at approximately $125,000. Finally, Raymond James Financial Inc. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $171,000.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
