Mario J. Gabelli Buys 3,456 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 3,456 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $10.30 per share, for a total transaction of $35,596.80. Following the completion of the acquisition, the insider now owns 225,328 shares in the company, valued at $2,320,878.40. The trade was a 1.56 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX stock opened at $9.58 on Thursday. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.03 and a fifty-two week high of $11.24. The stock’s fifty day moving average is $10.40 and its two-hundred day moving average is $10.37.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 6.26%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently made changes to their positions in GRX. International Assets Investment Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 2nd quarter valued at $53,000. Quarry LP purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $72,000. Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at about $191,000. Sanctuary Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the second quarter valued at about $1,056,000. Finally, Blue Bell Private Wealth Management LLC increased its position in 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 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.