The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.38 and traded as low as $9.28. The Gabelli Healthcare & Wellness Trust shares last traded at $9.38, with a volume of 33,971 shares changing hands.

The Gabelli Healthcare & Wellness Trust Stock Up 1.2%

The stock has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $9.38.

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The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 11.3% during the 2nd quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock worth $269,000 after acquiring an additional 2,880 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in The Gabelli Healthcare & Wellness Trust by 83.9% in the 3rd quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after purchasing an additional 14,132 shares in the last quarter. Uhlmann Price Securities LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 44.2% in the 4th quarter. Uhlmann Price Securities LLC now owns 50,502 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 15,473 shares during the last quarter. International Assets Investment Management LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at approximately $77,000. Finally, Gamco Investors INC. ET AL grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 9.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock valued at $3,296,000 after purchasing an additional 30,000 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

(Get Free Report)

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.

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