The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 4,439 Shares of Company Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 4,439 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was bought at an average price of $9.41 per share, for a total transaction of $41,770.99. Following the completion of the transaction, the insider owned 2,168,986 shares of the company’s stock, valued at $20,410,158.26. The trade was a 0.21% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 5th, Saba Capital Management, L.P. bought 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.38 per share, for a total transaction of $16,649.50.
• On Thursday, October 1st, Saba Capital Management, L.P. bought 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.41 per share, with a total value of $53,825.20.
• On Friday, October 2nd, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.35 per share, with a total value of $4,675.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. purchased 519 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.52 per share, for a total transaction of $4,940.88.
• On Friday, September 11th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.71 per share, for a total transaction of $3,884.00.
• On Thursday, September 3rd, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.08 per share, for a total transaction of $5,040.00.
• On Thursday, August 27th, Saba Capital Management, L.P. acquired 4,340 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.05 per share, with a total value of $43,617.00.
• On Friday, August 21st, Saba Capital Management, L.P. bought 7,087 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.13 per share, with a total value of $71,791.31.
• On Wednesday, August 19th, Saba Capital Management, L.P. bought 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.13 per share, with a total value of $244,153.26.
• On Friday, August 14th, Saba Capital Management, L.P. bought 1,203 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.86 per share, for a total transaction of $11,861.58.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE GRX opened at $9.60 on Friday. The stock’s 50-day simple moving average is $9.82 and its two-hundred day simple moving average is $9.43. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.20.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 7.1%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $90,000. Gamco Investors INC. ET AL boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock valued at $3,132,000 after purchasing an additional 3,800 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 2.1% in the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after purchasing an additional 3,482 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $33,000. Finally, Private Advisor Group LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the 1st 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.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a diversified, closed-end investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling consumer products, the trust invests in publicly traded companies involved in healthcare and wellness.

Its portfolio may include businesses across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, managed care, diagnostics, consumer health and wellness products, and related industries.