The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.47 and traded as low as $9.03. The Gabelli Healthcare & Wellness Trust shares last traded at $9.12, with a volume of 7,528 shares changing hands.

The Gabelli Healthcare & Wellness Trust Trading Up 1.1%

The firm has a 50-day moving average of $9.31 and a two-hundred day moving average of $9.47.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.5%. The ex-dividend date was Tuesday, March 17th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Aviance Capital Partners LLC raised its position in The Gabelli Healthcare & Wellness Trust by 2.1% during the first quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after acquiring an additional 3,482 shares in the last quarter. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $33,000. Private Advisor Group LLC raised its position in The Gabelli Healthcare & Wellness Trust by 25.2% during the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 4,000 shares in the last quarter. Uhlmann Price Securities LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 22.0% in the 1st quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 11,088 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the 4th quarter. Sit Investment Associates Inc. now owns 1,031,350 shares of the investment management company’s stock valued at $9,932,000 after purchasing an additional 197,594 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

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.