The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 4,340 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $10.05 per share, for a total transaction of $43,617.00. Following the completion of the purchase, the insider directly owned 2,155,133 shares in the company, valued at approximately $21,659,086.65. This trade represents a 0.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 21st, Saba Capital Management, L.P. acquired 7,087 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.13 per share, with a total value of $71,791.31.
- On Wednesday, August 19th, Saba Capital Management, L.P. acquired 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.13 per share, with a total value of $244,153.26.
- On Friday, August 14th, Saba Capital Management, L.P. bought 1,203 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.86 per share, for a total transaction of $11,861.58.
- On Tuesday, August 11th, Saba Capital Management, L.P. bought 200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.93 per share, for a total transaction of $1,986.00.
The Gabelli Healthcare & Wellness Trust Price Performance
Shares of NYSE GRX opened at $10.06 on Monday. The firm’s fifty day moving average is $9.70 and its 200 day moving average is $9.42. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.80 and a 52 week high of $10.20.
The Gabelli Healthcare & Wellness Trust Announces Dividend
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter worth about $33,000. International Assets Investment Management LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at approximately $77,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $90,000. Closed End Fund Advisors Inc. purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter worth approximately $113,000. Finally, Private Advisor Group LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 25.2% in the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after buying an additional 4,000 shares during the period.
The Gabelli Healthcare & Wellness Trust Company Profile
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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