The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Passes Above Fifty Day Moving Average – Time to Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.98 and traded as high as $10.20. The Gabelli Healthcare & Wellness Trust shares last traded at $10.13, with a volume of 21,288 shares traded.

The Gabelli Healthcare & Wellness Trust Stock Performance

The stock has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $10.43.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.93%.

Insider Activity

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli purchased 3,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the purchase, the insider now directly owns 312,226 shares of the company’s stock, valued at $3,178,460.68. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Saba Capital Management, L.P. acquired 2,869 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $10.42 per share, with a total value of $29,894.98. Following the completion of the acquisition, the insider now owns 1,884,161 shares in the company, valued at approximately $19,632,957.62. This represents a 0.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 78,723 shares of company stock worth $785,534 in the last three months.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth $72,000. Winebrenner Capital Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $125,000. Independent Advisor Alliance purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $147,000. Capstone Investment Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $191,000. Finally, Raymond James Financial Inc. purchased a new position in The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at approximately $171,000.

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.