The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 1,500 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of $10.27 per share, with a total value of $15,405.00. Following the purchase, the insider now directly owns 1,927,367 shares in the company, valued at $19,794,059.09. This represents a 0.08 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, January 10th, Saba Capital Management, L.P. acquired 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.57 per share, with a total value of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. purchased 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.74 per share, for a total transaction of $198,773.92.
• On Monday, December 2nd, Saba Capital Management, L.P. acquired 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.46 per share, with a total value of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. bought 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.40 per share, for a total transaction of $53,591.20.
• On Wednesday, November 27th, Saba Capital Management, L.P. bought 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.42 per share, for a total transaction of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. acquired 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.24 per share, for a total transaction of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. acquired 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.16 per share, for a total transaction of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. purchased 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.36 per share, for a total transaction of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. acquired 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.33 per share, with a total value of $35,617.84.

The Gabelli Healthcare & Wellness Trust Price Performance

The Gabelli Healthcare & Wellness Trust stock opened at $10.28 on Thursday. The company’s 50 day moving average price is $9.98 and its two-hundred day moving average price is $10.41. The Gabelli Healthcare & Wellness Trust has a 52 week low of $9.21 and a 52 week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 5.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GRX. Stephens Inc. AR raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 8.6% during the 4th quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after purchasing an additional 8,633 shares during the period. Absolute Investment Advisers LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $813,000. Sanctuary Advisors LLC boosted its stake in The Gabelli Healthcare & Wellness Trust by 24.8% in the third quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock valued at $1,417,000 after acquiring an additional 27,742 shares during the last quarter. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at approximately $72,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth 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.