Capstone Investment Advisors LLC Buys New Stake in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,460 shares of the investment management company’s stock, valued at approximately $191,000.

Several other hedge funds also recently bought and sold shares of GRX. Cetera Investment Advisers boosted its position in The Gabelli Healthcare & Wellness Trust by 2.2% during the first quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock worth $2,275,000 after acquiring an additional 4,818 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth $1,056,000. Cetera Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at $2,254,000. Finally, Aviance Capital Partners LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 1.0% in the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after purchasing an additional 1,224 shares during the last quarter.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 11,345 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $11.12 per share, for a total transaction of $126,156.40. Following the acquisition, the insider now directly owns 1,845,703 shares in the company, valued at $20,524,217.36. This trade represents a 0.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mario J. Gabelli acquired 3,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Monday, November 25th. The stock was purchased at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the completion of the purchase, the insider now directly owns 312,226 shares in the company, valued at approximately $3,178,460.68. This represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 45,684 shares of company stock valued at $482,342.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE:GRX opened at $10.42 on Monday. The stock’s 50-day moving average price is $10.58 and its two-hundred day moving average price is $10.32. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.71 and a 12-month high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.76%.

The Gabelli Healthcare & Wellness Trust Company Profile

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.