Wealthcare Advisory Partners LLC Boosts Stock Holdings in The Gabelli Healthcare & Wellness Trust $GRX

Wealthcare Advisory Partners LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 35.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,273 shares of the investment management company’s stock after purchasing an additional 4,815 shares during the period. Wealthcare Advisory Partners LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $173,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Oppenheimer & Co. Inc. purchased a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter worth $113,000. LPL Financial LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 3.1% during the 1st quarter. LPL Financial LLC now owns 289,088 shares of the investment management company’s stock worth $2,914,000 after buying an additional 8,739 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 103.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock worth $489,000 after buying an additional 25,848 shares during the period. Golden State Wealth Management LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,622 shares of the investment management company’s stock worth $37,000 after buying an additional 1,811 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 6.5% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 219,245 shares of the investment management company’s stock worth $2,210,000 after buying an additional 13,447 shares during the period.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. purchased 19,101 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $9.43 per share, with a total value of $180,122.43. Following the acquisition, the insider owned 2,025,826 shares of the company’s stock, valued at approximately $19,103,539.18. This represents a 0.95% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 63,314 shares of company stock valued at $596,485.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of GRX stock opened at $9.25 on Friday. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.93 and a 1-year high of $10.90. The firm has a fifty day moving average of $9.28 and a two-hundred day moving average of $9.43.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 7.4%.

The Gabelli Healthcare & Wellness Trust Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.