The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.38 and traded as high as $9.47. The Gabelli Healthcare & Wellness Trust shares last traded at $9.4450, with a volume of 47,135 shares changing hands.

The Gabelli Healthcare & Wellness Trust Stock Up 1.2%

The stock has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th were given 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 Tuesday, September 16th.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In other news, insider Mario J. Gabelli bought 1,800,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $10.18 per share, for a total transaction of $18,324,000.00. Following the completion of the transaction, the insider owned 2,000,000 shares of the company’s stock, valued at $20,360,000. This trade represents a 900.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Saba Capital Management, L.P. purchased 20,808 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Thursday, October 23rd. The shares were purchased at an average price of $9.28 per share, for a total transaction of $193,098.24. Following the completion of the acquisition, the insider owned 2,088,354 shares of the company’s stock, valued at approximately $19,379,925.12. The trade was a 1.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 1,872,293 shares of company stock valued at $19,002,185 in the last three months.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 3.1% during the first quarter. LPL Financial LLC now owns 289,088 shares of the investment management company’s stock worth $2,914,000 after purchasing an additional 8,739 shares during the period. Uhlmann Price Securities LLC raised its position in The Gabelli Healthcare & Wellness Trust by 23.2% during the 2nd quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock worth $288,000 after purchasing an additional 5,748 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings 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. Blue Bell Private Wealth Management LLC grew its position in shares of The Gabelli Healthcare & Wellness Trust by 6.5% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 219,245 shares of the investment management company’s stock valued at $2,210,000 after buying an additional 13,447 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of The Gabelli Healthcare & Wellness Trust by 2.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 350,109 shares of the investment management company’s stock valued at $3,529,000 after buying an additional 7,883 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Company 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.