Sit Investment Associates Inc. Has $9.93 Million Holdings in The Gabelli Healthcare & Wellness Trust $GRX

Sit Investment Associates Inc. grew its position in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,031,350 shares of the investment management company’s stock after acquiring an additional 197,594 shares during the quarter. Sit Investment Associates Inc.’s holdings in The Gabelli Healthcare & Wellness Trust were worth $9,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $77,000. Closed End Fund Advisors Inc. bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $113,000. Osaic Holdings Inc. lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 11.3% in the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock valued at $269,000 after buying an additional 2,880 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 83.9% in the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock valued at $281,000 after buying an additional 14,132 shares in the last quarter. Finally, Uhlmann Price Securities LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 44.2% during the fourth quarter. Uhlmann Price Securities LLC now owns 50,502 shares of the investment management company’s stock valued at $486,000 after buying an additional 15,473 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE:GRX opened at $8.90 on Friday. The firm has a 50-day moving average of $9.08 and a 200-day moving average of $9.40. The Gabelli Healthcare & Wellness Trust has a one year low of $8.80 and a one year high of $10.05.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of 7.6%.

The Gabelli Healthcare & Wellness Trust 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.