The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario Gabelli Buys 100,000 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli bought 100,000 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were bought at an average price of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the insider directly owned 500,000 shares in the company, valued at approximately $5,000,000. This trade represents a 25.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Gabelli Healthcare & Wellness Trust Trading Down 0.4%

Shares of NYSE:GRX opened at $9.61 on Wednesday. The firm’s 50 day simple moving average is $9.47 and its 200 day simple moving average is $9.38. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.93 and a fifty-two week high of $10.48.

The Gabelli Healthcare & Wellness Trust Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRX. Blue Bell Private Wealth Management LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 15.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 277,858 shares of the investment management company’s stock worth $2,520,000 after acquiring an additional 37,156 shares in the last quarter. Aviance Capital Partners LLC grew its position in shares of The Gabelli Healthcare & Wellness Trust by 1.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock valued at $1,485,000 after purchasing an additional 1,773 shares during the period. Stephens Inc. AR increased its stake in The Gabelli Healthcare & Wellness Trust by 10.2% during the 3rd quarter. Stephens Inc. AR now owns 120,989 shares of the investment management company’s stock worth $1,097,000 after purchasing an additional 11,177 shares in the last quarter. Traub Capital Management LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $1,142,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 103.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock worth $489,000 after buying an additional 25,848 shares during the period.

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.