The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock: Insider Saba Capital Management, L.P. Purchases 1,284 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 1,284 shares of the stock in a transaction dated Monday, October 26th. The shares were bought at an average price of $10.00 per share, for a total transaction of $12,840.00. Following the transaction, the insider owned 2,173,825 shares in the company, valued at approximately $21,738,250. This represents a 0.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 Tuesday, October 27th, Saba Capital Management, L.P. bought 300 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.99 per share, with a total value of $2,997.00.
• On Thursday, October 15th, Saba Capital Management, L.P. bought 200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.88 per share, with a total value of $1,976.00.
• On Thursday, October 8th, Saba Capital Management, L.P. bought 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.40 per share, for a total transaction of $3,760.00.
• On Wednesday, October 7th, Saba Capital Management, L.P. bought 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.43 per share, for a total transaction of $27,865.65.
• On Tuesday, October 6th, Saba Capital Management, L.P. purchased 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.41 per share, for a total transaction of $41,770.99.
• On Monday, October 5th, Saba Capital Management, L.P. purchased 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.38 per share, for a total transaction of $16,649.50.
• On Thursday, October 1st, Saba Capital Management, L.P. purchased 5,720 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 $53,825.20.
• On Friday, October 2nd, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.35 per share, with a total value of $4,675.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. acquired 519 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price 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 purchased at an average price of $9.71 per share, with a total value of $3,884.00.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $10.02 on Thursday. The business’s 50-day moving average price is $9.84 and its 200-day moving average price is $9.52. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were given a $0.17 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a yield of 6.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GRX. International Assets Investment Management LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the 3rd quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock valued at $124,000 after purchasing an additional 2,492 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $90,000. Gamco Investors INC. ET AL grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock valued at $3,132,000 after purchasing an additional 3,800 shares during the last quarter. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter worth $33,000. Finally, Private Advisor Group LLC raised its position in 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 purchasing an additional 4,000 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end investment company focused on long-term capital appreciation. Rather than operating healthcare businesses directly, the trust invests primarily in the equity securities of companies involved in the healthcare and wellness industries.

Its investment universe may include pharmaceutical and biotechnology companies, medical-device manufacturers, healthcare-services providers, and businesses serving broader consumer wellness markets.