The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $55,571.04 in Stock

Posted by Don Miller on Nov 5th, 2024

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 5,364 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $10.36 per share, with a total value of $55,571.04. Following the completion of the acquisition, the insider now owns 1,866,152 shares in the company, valued at $19,333,334.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more 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 Friday, November 1st, Saba Capital Management, L.P. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.33 per share, with a total value of $35,617.84.
On Thursday, October 24th, Saba Capital Management, L.P. purchased 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.59 per share, with a total value of $110,570.19.
On Thursday, September 26th, Saba Capital Management, L.P. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $11.12 per share, for a total transaction of $126,156.40.
On Monday, August 26th, Saba Capital Management, L.P. purchased 6,453 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.88 per share, for a total transaction of $70,208.64.
On Thursday, August 22nd, Saba Capital Management, L.P. acquired 4,205 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.69 per share, for a total transaction of $44,951.45.
On Friday, August 9th, Saba Capital Management, L.P. bought 19,481 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.47 per share, with a total value of $203,966.07.
On Wednesday, August 7th, Saba Capital Management, L.P. purchased 20,714 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.22 per share, with a total value of $211,697.08.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of GRX traded up $0.02 during mid-day trading on Tuesday, hitting $10.40. The stock had a trading volume of 7,676 shares, compared to its average volume of 32,395. The company’s fifty day simple moving average is $10.87 and its two-hundred day simple moving average is $10.22. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.10 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 5.77%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several large investors have recently added to or reduced their stakes in GRX. International Assets Investment Management LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after acquiring an additional 55,282 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter valued at approximately $1,056,000. Cetera Investment Advisers boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after buying an additional 3,020 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 26.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after buying an additional 24,430 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the 1st quarter worth $2,254,000.

The Gabelli Healthcare & Wellness Trust Company Profile

(Get Free Report)

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.