Saba Capital Management, L.P. Acquires 20,408 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 20,408 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of $9.74 per share, for a total transaction of $198,773.92. Following the completion of the acquisition, the insider now directly owns 1,911,034 shares in the company, valued at approximately $18,613,471.16. The trade was a 1.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, December 2nd, Saba Capital Management, L.P. purchased 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.46 per share, for a total transaction of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. acquired 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.40 per share, with a total value of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. bought 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.42 per share, for a total transaction of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. purchased 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.24 per share, with a total value of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. bought 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. purchased 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were 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 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 stock was 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. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $11.12 per share, with a total value of $126,156.40.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE:GRX opened at $9.65 on Friday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.10 and a 1 year high of $11.24. The business’s 50-day moving average is $10.38 and its 200-day moving average is $10.37.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.22%. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its position in The Gabelli Healthcare & Wellness Trust by 995.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after buying an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the second quarter valued at approximately $1,056,000. Cetera Investment Advisers increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after acquiring an additional 3,020 shares in the last quarter. Quarry LP bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $72,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth approximately $191,000.

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.