The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 24,102 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of $10.13 per share, with a total value of $244,153.26. Following the purchase, the insider directly owned 2,143,706 shares of the company’s stock, valued at approximately $21,715,741.78. This represents a 1.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 Friday, August 14th, Saba Capital Management, L.P. purchased 1,203 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.86 per share, for a total transaction of $11,861.58.
- On Tuesday, August 11th, Saba Capital Management, L.P. purchased 200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.93 per share, for a total transaction of $1,986.00.
The Gabelli Healthcare & Wellness Trust Trading Up 1.1%
GRX stock opened at $10.14 on Friday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.80 and a 12-month high of $10.18. The business’s 50-day moving average is $9.59 and its 200 day moving average is $9.41.
The Gabelli Healthcare & Wellness Trust Announces Dividend
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Several large investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at $33,000. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth $90,000. Closed End Fund Advisors Inc. acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at about $113,000. Finally, Private Advisor Group LLC raised its position in shares of 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 buying an additional 4,000 shares during the last quarter.
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.
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