The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Monday, June 15th will be given a dividend of 0.17 per share by the investment management company on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, June 15th.
The Gabelli Healthcare & Wellness Trust Stock Performance
Shares of The Gabelli Healthcare & Wellness Trust stock remained flat at $8.99 during trading on Wednesday. 37,440 shares of the stock traded hands, compared to its average volume of 31,648. The business’s 50-day simple moving average is $9.23 and its 200-day simple moving average is $9.46. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.90 and a 1-year high of $10.05.
Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust
Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter worth $33,000. International Assets Investment Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $77,000. Closed End Fund Advisors Inc. purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $113,000. Private Advisor Group LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter valued at $216,000.
About The Gabelli Healthcare & Wellness Trust
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.
The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.
Further Reading
- Five stocks we like better than The Gabelli Healthcare & Wellness Trust
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Receive News & Ratings for The Gabelli Healthcare & Wellness Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Healthcare & Wellness Trust and related companies with MarketBeat.com's FREE daily email newsletter.
