Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys 14,833 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 14,833 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of $9.57 per share, with a total value of $141,951.81. Following the completion of the acquisition, the insider now owns 1,925,867 shares in the company, valued at $18,430,547.19. This represents a 0.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large 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 Wednesday, December 18th, Saba Capital Management, L.P. purchased 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.74 per share, for a total transaction of $198,773.92.
• On Monday, December 2nd, Saba Capital Management, L.P. acquired 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.46 per share, with a total value of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. bought 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.40 per share, for a total transaction of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. purchased 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.42 per share, with a total value of $29,894.98.
• 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, for a total transaction 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 purchased at an average price of $10.16 per share, with a total value 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 acquired at an average price of $10.36 per share, for a total transaction 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 acquired 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 acquired at an average price of $10.59 per share, with a total value of $110,570.19.

The Gabelli Healthcare & Wellness Trust Trading Down 0.5 %

Shares of NYSE GRX opened at $9.64 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.21 and a 12-month high of $11.24. The firm’s 50-day simple moving average is $10.07 and its 200 day simple moving average is $10.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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

Institutional Trading of The Gabelli Healthcare & Wellness Trust

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