Mario J. Gabelli Acquires 4,000 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 4,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was acquired at an average price of $9.80 per share, for a total transaction of $39,200.00. Following the purchase, the insider now directly owns 235,872 shares in the company, valued at approximately $2,311,545.60. This trade represents a 1.73 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE GRX opened at $10.07 on Friday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.21 and a 12-month high of $11.24. The firm has a 50 day moving average of $9.97 and a 200 day moving average of $10.39.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after buying an additional 55,282 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 2nd quarter worth approximately $1,056,000. Cetera Investment Advisers raised its stake in The Gabelli Healthcare & Wellness Trust by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after acquiring an additional 3,020 shares during the period. Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $72,000. Finally, Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $191,000.

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.