Saba Capital Management, L.P. Acquires 4,876 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 4,876 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Friday, November 22nd. The shares were bought at an average cost of $10.16 per share, for a total transaction of $49,540.16. Following the completion of the acquisition, the insider now owns 1,871,028 shares in the company, valued at $19,009,644.48. This represents a 0.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 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 Monday, November 25th, Saba Capital Management, L.P. acquired 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.24 per share, with a total value of $44,451.84.
• On Monday, November 4th, Saba Capital Management, L.P. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. purchased 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.33 per share, with a total value of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. purchased 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 shares were purchased at an average price of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Down 0.2 %

Shares of GRX stock opened at $10.24 on Wednesday. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.62 and a fifty-two week high of $11.24. The stock’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 2nd quarter valued at approximately $53,000. Quarry LP bought a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at approximately $72,000. Capstone Investment Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter valued at approximately $191,000. Sanctuary Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth $1,056,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after buying an additional 24,430 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

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.