The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Cross Above 200 Day Moving Average – Time to Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.38 and traded as high as $9.80. The Gabelli Healthcare & Wellness Trust shares last traded at $9.7650, with a volume of 11,151 shares changing hands.

The Gabelli Healthcare & Wellness Trust Trading Up 1.2%

The company’s 50-day moving average price is $9.39 and its 200-day moving average price is $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of 6.9%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently modified their holdings of GRX. Sit Investment Associates Inc. lifted its stake in The Gabelli Healthcare & Wellness Trust by 23.7% in the 4th quarter. Sit Investment Associates Inc. now owns 1,031,350 shares of the investment management company’s stock valued at $9,932,000 after acquiring an additional 197,594 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock worth $3,132,000 after acquiring an additional 3,800 shares in the last quarter. Aviance Capital Partners LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 2.1% during the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock worth $1,550,000 after acquiring an additional 3,482 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $33,000. Finally, Private Advisor Group LLC raised its holdings 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 valued at $180,000 after purchasing an additional 4,000 shares during the last quarter.

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.