Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Acquires 13,156 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 13,156 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $9.62 per share, for a total transaction of $126,560.72. Following the completion of the purchase, the insider now owns 1,969,644 shares in the company, valued at approximately $18,947,975.28. This trade represents a 0.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, March 18th, Saba Capital Management, L.P. bought 549 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.88 per share, for a total transaction of $5,424.12.
• On Monday, March 10th, Saba Capital Management, L.P. purchased 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.18 per share, for a total transaction of $96,068.66.
• On Thursday, March 6th, Saba Capital Management, L.P. acquired 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.97 per share, with a total value of $61,913.70.
• On Tuesday, March 4th, Saba Capital Management, L.P. bought 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.96 per share, for a total transaction of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. acquired 955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was 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. acquired 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.27 per share, for a total transaction of $15,405.00.
• On Friday, January 10th, Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.57 per share, for a total transaction of $141,951.81.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE:GRX traded down $0.35 during midday trading on Monday, reaching $9.21. The company’s stock had a trading volume of 15,510 shares, compared to its average volume of 22,998. The business’s fifty day simple moving average is $10.08 and its 200-day simple moving average is $10.22. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.07 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 was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.51%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently modified their holdings of GRX. Quarry LP acquired a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $72,000. Winebrenner Capital Management LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $125,000. Independent Advisor Alliance acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $147,000. Raymond James Financial Inc. bought a new position in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at about $171,000. Finally, Waverly Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $473,000.

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.