The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 1,201 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were bought at an average price of $10.15 per share, for a total transaction of $12,190.15. Following the completion of the transaction, the insider owned 2,186,022 shares of the company’s stock, valued at approximately $22,188,123.30. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Wednesday, November 4th, Saba Capital Management, L.P. acquired 700 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.43 per share, with a total value of $7,301.00.
- On Tuesday, November 3rd, Saba Capital Management, L.P. acquired 100 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.18 per share, with a total value of $1,018.00.
- On Friday, October 30th, Saba Capital Management, L.P. bought 10,196 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.13 per share, with a total value of $103,285.48.
- On Thursday, October 29th, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.09 per share, with a total value of $5,045.00.
- On Tuesday, October 27th, Saba Capital Management, L.P. bought 300 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.99 per share, for a total transaction of $2,997.00.
- On Monday, October 26th, Saba Capital Management, L.P. purchased 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.00 per share, for a total transaction of $12,840.00.
- On Thursday, October 15th, Saba Capital Management, L.P. purchased 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.88 per share, for a total transaction of $1,976.00.
- On Thursday, October 8th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.40 per share, with a total value of $3,760.00.
- On Wednesday, October 7th, Saba Capital Management, L.P. acquired 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.43 per share, with a total value of $27,865.65.
- On Tuesday, October 6th, Saba Capital Management, L.P. acquired 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.41 per share, with a total value of $41,770.99.
The Gabelli Healthcare & Wellness Trust Trading Up 0.3%
GRX stock opened at $10.44 on Friday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.64. The firm’s fifty day simple moving average is $9.86 and its two-hundred day simple moving average is $9.54.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors 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 6.5%.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Large investors have recently added to or reduced their stakes in the company. Uhlmann Price Securities LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 4.6% in the third quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock valued at $773,000 after buying an additional 3,569 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 10.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock worth $3,441,000 after purchasing an additional 34,122 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 0.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock worth $1,644,000 after acquiring an additional 1,405 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock valued at $124,000 after acquiring an additional 2,492 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter worth $90,000.
The Gabelli Healthcare & Wellness Trust Company Profile
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness.
Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.
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