The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires $46,079.80 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli acquired 4,810 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were bought at an average cost of $9.58 per share, for a total transaction of $46,079.80. Following the transaction, the insider owned 316,026 shares of the company’s stock, valued at $3,027,529.08. This represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock opened at $9.68 on Friday. The Gabelli Healthcare & Wellness Trust has a one year low of $8.93 and a one year high of $10.48. The firm has a 50-day simple moving average of $9.56 and a two-hundred day simple moving average of $9.40.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.0%. The ex-dividend date was Friday, December 12th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Uhlmann Price Securities LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 44.2% during the 4th quarter. Uhlmann Price Securities LLC now owns 50,502 shares of the investment management company’s stock worth $486,000 after acquiring an additional 15,473 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 83.9% during the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after purchasing an additional 14,132 shares during the period. Aviance Capital Partners LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 1.1% in the third quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock valued at $1,485,000 after buying an additional 1,773 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter valued at approximately $216,000. Finally, Stephens Inc. AR increased its holdings in The Gabelli Healthcare & Wellness Trust by 10.2% in the 3rd quarter. Stephens Inc. AR now owns 120,989 shares of the investment management company’s stock worth $1,097,000 after buying an additional 11,177 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.