The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 10,196 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $10.13 per share, with a total value of $103,285.48. Following the transaction, the insider directly owned 2,184,821 shares in the company, valued at approximately $22,132,236.73. The trade was a 0.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, October 29th, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.09 per share, with a total value of $5,045.00.
- On Tuesday, October 27th, Saba Capital Management, L.P. acquired 300 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.99 per share, with a total value of $2,997.00.
- On Monday, October 26th, Saba Capital Management, L.P. bought 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.00 per share, for a total transaction of $12,840.00.
- On Thursday, October 15th, Saba Capital Management, L.P. bought 200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.88 per share, for a total transaction of $1,976.00.
- On Thursday, October 8th, Saba Capital Management, L.P. bought 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.40 per share, for a total transaction of $3,760.00.
- On Wednesday, October 7th, Saba Capital Management, L.P. bought 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.43 per share, with a total value of $27,865.65.
- On Tuesday, October 6th, Saba Capital Management, L.P. purchased 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.41 per share, with a total value of $41,770.99.
- On Monday, October 5th, Saba Capital Management, L.P. acquired 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.38 per share, for a total transaction of $16,649.50.
- On Thursday, October 1st, Saba Capital Management, L.P. bought 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.41 per share, for a total transaction of $53,825.20.
- On Friday, October 2nd, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.35 per share, for a total transaction of $4,675.00.
The Gabelli Healthcare & Wellness Trust Price Performance
Shares of GRX traded up $0.07 during mid-day trading on Monday, reaching $10.21. The company’s stock had a trading volume of 24,226 shares, compared to its average volume of 25,430. The business has a fifty day moving average of $9.84 and a 200 day moving average of $9.53. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.80 and a 1 year high of $10.23.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Wednesday, September 16th.
Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust
Several hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at about $33,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter worth approximately $90,000. International Assets Investment Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock worth $124,000 after purchasing an additional 2,492 shares in the last quarter. Private Advisor Group LLC lifted 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 worth $180,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 2.1% in the first quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock worth $1,550,000 after purchasing an additional 3,482 shares in the last quarter.
The Gabelli Healthcare & Wellness Trust Company Profile
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness.
Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.
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