The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 5,720 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 5,720 shares of the stock in a transaction dated Thursday, October 1st. The shares were purchased at an average cost of $9.41 per share, for a total transaction of $53,825.20. Following the completion of the purchase, the insider owned 2,162,272 shares in the company, valued at approximately $20,346,979.52. This represents a 0.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, October 2nd, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.35 per share, with a total value of $4,675.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. purchased 519 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.52 per share, with a total value of $4,940.88.
• On Friday, September 11th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.71 per share, for a total transaction of $3,884.00.
• On Thursday, September 3rd, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.08 per share, for a total transaction of $5,040.00.
• On Thursday, August 27th, Saba Capital Management, L.P. acquired 4,340 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.05 per share, with a total value of $43,617.00.
• On Friday, August 21st, Saba Capital Management, L.P. acquired 7,087 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.13 per share, with a total value of $71,791.31.
• On Wednesday, August 19th, Saba Capital Management, L.P. bought 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.13 per share, with a total value of $244,153.26.
• On Friday, August 14th, Saba Capital Management, L.P. bought 1,203 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.86 per share, for a total transaction of $11,861.58.
• On Tuesday, August 11th, Saba Capital Management, L.P. purchased 200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.93 per share, for a total transaction of $1,986.00.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE GRX opened at $9.37 on Tuesday. The firm has a fifty day moving average of $9.84 and a 200 day moving average of $9.42. The Gabelli Healthcare & Wellness Trust has a one year low of $8.80 and a one year high of $10.20.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in The Gabelli Healthcare & Wellness Trust in the 1st quarter worth about $33,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $90,000. Closed End Fund Advisors Inc. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at approximately $113,000. Private Advisor Group LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 25.2% in 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. Finally, Uhlmann Price Securities LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 22.0% in the first quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock worth $557,000 after acquiring an additional 11,088 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a diversified, closed-end investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling consumer products, the trust invests in publicly traded companies involved in healthcare and wellness.

Its portfolio may include businesses across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, managed care, diagnostics, consumer health and wellness products, and related industries.