The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Purchases 4,000 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 4,000 shares of the stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $9.80 per share, with a total value of $39,200.00. Following the completion of the purchase, the insider now owns 229,872 shares of the company’s stock, valued at approximately $2,252,745.60. The trade was a 1.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Gabelli Healthcare & Wellness Trust Trading Up 0.2 %

The Gabelli Healthcare & Wellness Trust stock traded up $0.02 during trading on Thursday, hitting $9.66. 18,298 shares of the company were exchanged, compared to its average volume of 31,977. The business’s 50 day moving average is $10.19 and its 200 day moving average is $10.37. The Gabelli Healthcare & Wellness Trust has a 52 week low of $9.16 and a 52 week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a $0.15 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRX. International Assets Investment Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 2nd quarter valued at about $53,000. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at approximately $72,000. Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $191,000. Sanctuary Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the second quarter worth $1,056,000. Finally, Blue Bell Private Wealth Management LLC grew its stake 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 valued at $1,111,000 after purchasing an additional 24,430 shares during the period.

About The Gabelli Healthcare & Wellness Trust

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.