The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires $39,200.00 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 4,000 shares of the stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of $9.80 per share, with a total value of $39,200.00. Following the purchase, the insider now directly owns 229,872 shares of the company’s stock, valued at $2,252,745.60. This trade represents a 1.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Gabelli Healthcare & Wellness Trust Trading Up 0.2 %

GRX traded up $0.02 during trading on Thursday, reaching $9.66. 18,298 shares of the company’s stock were exchanged, compared to its average volume of 31,977. The Gabelli Healthcare & Wellness Trust has a one year low of $9.16 and a one year high of $11.24. The firm has a fifty day moving average price of $10.19 and a two-hundred day moving average price of $10.37.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a $0.15 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 6.21%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Aviance Capital Partners LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 1.0% during the third 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 during the last quarter. Cetera Investment Advisers boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the 2nd 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 acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $53,000. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at about $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.

About The Gabelli Healthcare & Wellness Trust

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.