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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average price of $9.80 per share, for a total transaction of $39,200.00. Following the purchase, the insider now owns 235,872 shares in the company, valued at $2,311,545.60. This represents a 1.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

The Gabelli Healthcare & Wellness Trust Stock Up 1.1 %

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $10.07 on Friday. The company has a 50-day simple moving average of $9.97 and a two-hundred day simple moving average of $10.39. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.21 and a 52-week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 5.96%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several large investors have recently bought and sold shares of GRX. Cetera Investment Advisers lifted its stake in 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 acquiring an additional 3,020 shares during the period. Sanctuary Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the second quarter valued at approximately $1,056,000. International Assets Investment Management LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares during the last quarter. Aviance Capital Partners LLC grew its position in The Gabelli Healthcare & Wellness Trust by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after purchasing an additional 1,224 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $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.