Saba Capital Management, L.P. Buys 6,210 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 6,210 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $9.97 per share, with a total value of $61,913.70. Following the acquisition, the insider now directly owns 1,943,717 shares in the company, valued at $19,378,858.49. This represents a 0.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 10th, Saba Capital Management, L.P. purchased 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.18 per share, with a total value of $96,068.66.
• On Tuesday, March 4th, Saba Capital Management, L.P. purchased 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.96 per share, with a total value of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. purchased 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.89 per share, with a total value of $9,444.95.
• On Tuesday, January 28th, Saba Capital Management, L.P. purchased 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.27 per share, with a total value of $15,405.00.
• On Friday, January 10th, Saba Capital Management, L.P. purchased 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased 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 shares were purchased at an average price of $9.74 per share, with a total value of $198,773.92.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $10.07 on Wednesday. The company has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $10.36. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.21 and a 12-month 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. Stockholders of record on Monday, March 17th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Aviance Capital Partners LLC boosted its holdings 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 valued at $1,416,000 after buying an additional 1,224 shares in the last quarter. Quarry LP acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $72,000. Stephens Inc. AR boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 8.6% in the 4th 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 in 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 stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $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.