The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Buys $1,000,000.00 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli bought 100,000 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was acquired at an average cost of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the insider owned 500,000 shares of the company’s stock, valued at approximately $5,000,000. This trade represents a 25.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

The Gabelli Healthcare & Wellness Trust Trading Down 0.4%

Shares of NYSE GRX traded down $0.04 during mid-day trading on Tuesday, reaching $9.61. 14,544 shares of the company’s stock were exchanged, compared to its average volume of 28,623. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.93 and a twelve month high of $10.48. The business has a fifty day simple moving average of $9.46 and a 200 day simple moving average of $9.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 12th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.68 annualized dividend and a dividend yield of 7.1%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of large investors have recently added to or reduced their stakes in GRX. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 103.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock valued at $489,000 after purchasing an additional 25,848 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 35.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock valued at $173,000 after acquiring an additional 4,815 shares in the last quarter. Uhlmann Price Securities LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 23.2% in the 2nd quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock valued at $288,000 after acquiring an additional 5,748 shares in the last quarter. Stephens Inc. AR boosted its position in The Gabelli Healthcare & Wellness Trust by 1.5% during the 2nd quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock worth $1,038,000 after acquiring an additional 1,632 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 98,440.0% during the 2nd quarter. Allworth Financial LP now owns 4,927 shares of the investment management company’s stock worth $47,000 after acquiring an additional 4,922 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 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.