The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.27 and traded as low as $9.95. The Gabelli Healthcare & Wellness Trust shares last traded at $10.00, with a volume of 10,052 shares.

The Gabelli Healthcare & Wellness Trust Stock Up 0.1 %

The stock has a 50 day moving average price of $10.08 and a 200 day moving average price of $10.27.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Monday, March 17th.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In related news, insider Mario J. Gabelli bought 4,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were purchased at an average cost of $9.80 per share, with a total value of $39,200.00. Following the acquisition, the insider now owns 235,872 shares of the company’s stock, valued at $2,311,545.60. This represents a 1.73 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Saba Capital Management, L.P. purchased 14,833 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Friday, January 10th. The stock was bought at an average price of $9.57 per share, for a total transaction of $141,951.81. Following the transaction, the insider now directly owns 1,925,867 shares in the company, valued at approximately $18,430,547.19. The trade was a 0.78 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 47,872 shares of company stock worth $472,463.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in GRX. Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at $191,000. Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter worth about $72,000. Sanctuary Advisors LLC grew its position in shares of The Gabelli Healthcare & Wellness Trust by 24.8% during the 3rd 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 period. Absolute Investment Advisers LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $813,000. Finally, Stephens Inc. AR lifted its position 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 valued at $1,046,000 after buying an additional 8,633 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

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.