Winebrenner Capital Management LLC Makes New Investment in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Winebrenner Capital Management LLC bought a new position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,000 shares of the investment management company’s stock, valued at approximately $125,000.

Several other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 55,282 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after purchasing an additional 1,224 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at $191,000. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at $72,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 24.8% during the third quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock valued at $1,417,000 after purchasing an additional 27,742 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Down 0.7 %

Shares of NYSE:GRX opened at $10.11 on Friday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.21 and a 1 year high of $11.24. The stock’s fifty day moving average price is $9.93 and its 200-day moving average price is $10.41.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Monday, March 17th.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. bought 2,869 shares of the stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $10.42 per share, with a total value of $29,894.98. Following the completion of the acquisition, the insider now owns 1,884,161 shares in the company, valued at $19,632,957.62. The trade was a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mario J. Gabelli bought 7,863 shares of the stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $82,561.50. Following the acquisition, the insider now owns 7,863 shares of the company’s stock, valued at $82,561.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 73,847 shares of company stock valued at $735,994.

The Gabelli Healthcare & Wellness Trust Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.