Saba Capital Management, L.P. Purchases 11,312 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 11,312 shares of the stock in a transaction on Tuesday, December 16th. The shares were purchased at an average cost of $9.37 per share, with a total value of $105,993.44. Following the transaction, the insider directly owned 2,114,117 shares of the company’s stock, valued at approximately $19,809,276.29. This trade represents a 0.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, December 17th, Saba Capital Management, L.P. purchased 4,084 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.36 per share, with a total value of $38,226.24.
• On Tuesday, November 25th, Saba Capital Management, L.P. purchased 14,451 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.62 per share, with a total value of $139,018.62.
• On Thursday, October 23rd, Saba Capital Management, L.P. acquired 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.28 per share, for a total transaction of $193,098.24.
• On Wednesday, October 22nd, Saba Capital Management, L.P. bought 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.31 per share, with a total value of $9,803.43.
• On Tuesday, October 21st, Saba Capital Management, L.P. purchased 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.29 per share, for a total transaction of $56,873.38.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock opened at $9.63 on Friday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.93 and a twelve month high of $10.48. The stock’s 50 day moving average is $9.41 and its 200 day moving average is $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 12th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 12th. This represents a $0.68 annualized dividend and a dividend yield of 7.1%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Uhlmann Price Securities LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 23.2% during the second quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock valued at $288,000 after buying an additional 5,748 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 103.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock valued at $489,000 after acquiring an additional 25,848 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in The Gabelli Healthcare & Wellness Trust by 2.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 350,109 shares of the investment management company’s stock valued at $3,529,000 after purchasing an additional 7,883 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.5% in the 2nd quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock worth $1,038,000 after purchasing an additional 1,632 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the second quarter worth $1,142,000.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.