The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 4,341 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 4,341 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $10.24 per share, for a total transaction of $44,451.84. Following the transaction, the insider now owns 1,875,369 shares of the company’s stock, valued at approximately $19,203,778.56. This trade represents a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% 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 Friday, November 22nd, Saba Capital Management, L.P. purchased 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.16 per share, for a total transaction of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were 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 shares were 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 shares were purchased 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. bought 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased 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 firm’s 50 day simple moving average is $10.63 and its 200 day simple moving average is $10.31. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.62 and a 1-year high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of GRX. International Assets Investment Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 2nd quarter worth $53,000. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth $72,000. Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth $191,000. Sanctuary Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 2nd quarter worth $1,056,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after buying an additional 24,430 shares during the last quarter.

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.