Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases $49,540.16 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 4,876 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of $10.16 per share, for a total transaction of $49,540.16. Following the transaction, the insider now owns 1,871,028 shares of the company’s stock, valued at $19,009,644.48. This trade represents a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.24 per share, for a total transaction 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. bought 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. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost 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 bought at an average cost of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Stock Up 0.5 %

The Gabelli Healthcare & Wellness Trust stock opened at $10.30 on Thursday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.62 and a twelve month high of $11.24. The stock’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $10.31.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Friday, December 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of large investors have recently modified their holdings of GRX. Cetera Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth $2,254,000. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth $1,056,000. International Assets Investment Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during 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 in the last quarter. Blue Bell Private Wealth Management LLC grew its stake 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 purchasing an additional 24,430 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth $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.