The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 5,364 Shares

by · The Cerbat Gem

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 5,364 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were purchased at an average price of $10.36 per share, for a total transaction of $55,571.04. Following the completion of the purchase, the insider now directly owns 1,866,152 shares of the company’s stock, valued at $19,333,334.72. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Friday, November 1st, Saba Capital Management, L.P. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.33 per share, for a total transaction of $35,617.84.
  • On Thursday, October 24th, Saba Capital Management, L.P. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.59 per share, with a total value of $110,570.19.
  • On Thursday, September 26th, Saba Capital Management, L.P. acquired 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $11.12 per share, for a total transaction of $126,156.40.
  • On Monday, August 26th, Saba Capital Management, L.P. acquired 6,453 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.88 per share, with a total value of $70,208.64.
  • On Thursday, August 22nd, Saba Capital Management, L.P. acquired 4,205 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.69 per share, for a total transaction of $44,951.45.
  • On Friday, August 9th, Saba Capital Management, L.P. bought 19,481 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.47 per share, with a total value of $203,966.07.
  • On Wednesday, August 7th, Saba Capital Management, L.P. acquired 20,714 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.22 per share, with a total value of $211,697.08.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of The Gabelli Healthcare & Wellness Trust stock traded up $0.02 during trading hours on Tuesday, hitting $10.40. 7,676 shares of the company were exchanged, compared to its average volume of 32,395. The business has a 50-day moving average of $10.87 and a 200-day moving average of $10.22. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.10 and a 1 year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently added to or reduced their stakes in GRX. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after acquiring an additional 55,282 shares during the period. Sanctuary Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the second quarter valued at $1,056,000. Cetera Investment Advisers increased its stake in The Gabelli Healthcare & Wellness Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after acquiring an additional 3,020 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after purchasing an additional 24,430 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter worth about $2,254,000.

The Gabelli Healthcare & Wellness Trust Company Profile

(Get Free Report)

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.

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