Mario J. Gabelli Acquires 1,000 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 1,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $10.20 per share, for a total transaction of $10,200.00. Following the completion of the acquisition, the insider now owns 236,925 shares in the company, valued at $2,416,635. This represents a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Down 0.0 %

Shares of GRX opened at $10.07 on Wednesday. The company has a 50 day moving average price of $9.94 and a 200-day moving average price of $10.41. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.21 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 5.96%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aviance Capital Partners LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after acquiring an additional 1,224 shares in the last quarter. Quarry LP bought a new position in The Gabelli Healthcare & Wellness Trust in the third quarter worth about $72,000. Stephens Inc. AR lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 8.6% during the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock valued at $1,046,000 after buying an additional 8,633 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock valued at $1,555,000 after buying an additional 10,486 shares in the last quarter. Finally, Winebrenner Capital Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter worth approximately $125,000.

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.