The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.48 and traded as low as $8.97. The Gabelli Healthcare & Wellness Trust shares last traded at $9.01, with a volume of 26,788 shares trading hands.

The Gabelli Healthcare & Wellness Trust Trading Down 0.1%

The company has a fifty day moving average price of $9.60 and a 200-day moving average price of $9.48.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.5%. The ex-dividend date was Tuesday, March 17th.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli purchased 4,810 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were bought at an average price of $9.58 per share, with a total value of $46,079.80. Following the completion of the purchase, the insider directly owned 316,026 shares in the company, valued at $3,027,529.08. This trade represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of large investors have recently made changes to their positions in the business. Osaic Holdings Inc. raised its position in shares of The Gabelli Healthcare & Wellness Trust by 11.3% during the 2nd quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock valued at $269,000 after buying an additional 2,880 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in The Gabelli Healthcare & Wellness Trust by 15.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 277,858 shares of the investment management company’s stock worth $2,520,000 after acquiring an additional 37,156 shares in the last quarter. Stephens Inc. AR increased its stake in The Gabelli Healthcare & Wellness Trust by 10.2% during the third quarter. Stephens Inc. AR now owns 120,989 shares of the investment management company’s stock worth $1,097,000 after acquiring an additional 11,177 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the third quarter worth approximately $216,000. Finally, Aviance Capital Partners LLC raised its position in The Gabelli Healthcare & Wellness Trust by 1.1% during the third quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock valued at $1,485,000 after purchasing an additional 1,773 shares during the period.

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.