Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires $41,770.99 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 4,439 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was bought at an average price of $9.41 per share, for a total transaction of $41,770.99. Following the purchase, the insider directly owned 2,168,986 shares in the company, valued at $20,410,158.26. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major 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 Monday, October 5th, Saba Capital Management, L.P. purchased 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.38 per share, with a total value of $16,649.50.
• On Thursday, October 1st, Saba Capital Management, L.P. bought 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.41 per share, with a total value of $53,825.20.
• On Friday, October 2nd, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased 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. bought 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. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.71 per share, with a total value of $3,884.00.
• On Thursday, September 3rd, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.08 per share, with a total value of $5,040.00.
• On Thursday, August 27th, Saba Capital Management, L.P. purchased 4,340 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.05 per share, for a total transaction 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 shares were purchased 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. purchased 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price 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, with a total value of $11,861.58.

The Gabelli Healthcare & Wellness Trust Trading Up 0.3%

Shares of GRX stock traded up $0.03 during mid-day trading on Thursday, reaching $9.45. 1,011 shares of the company’s stock traded hands, compared to its average volume of 26,273. The firm has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $9.43. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.80 and a 12 month high of $10.20.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Wednesday, September 16th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $33,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth $90,000. Private Advisor Group LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 25.2% in the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after buying an additional 4,000 shares during the last quarter. Uhlmann Price Securities LLC lifted its holdings 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 acquiring an additional 11,088 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 2.1% in the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after purchasing an additional 3,482 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.