By otakuyassine3@gmail.com 
The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 20,408 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of $9.74 per share, for a total transaction of $198,773.92. Following the completion of the transaction, the insider now owns 1,911,034 shares in the company, valued at approximately $18,613,471.16. This represents a 1.08 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock 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, December 2nd, Saba Capital Management, L.P. bought 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.46 per share, for a total transaction of $13,723.52.
- On Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.40 per share, with a total value of $53,591.20.
- On Wednesday, November 27th, Saba Capital Management, L.P. acquired 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $29,894.98.
- On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.24 per share, with a total value of $44,451.84.
- On Friday, November 22nd, Saba Capital Management, L.P. purchased 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.16 per share, for a total transaction of $49,540.16.
- On Monday, November 4th, Saba Capital Management, L.P. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.36 per share, with a total value of $55,571.04.
- On Friday, November 1st, Saba Capital Management, L.P. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.33 per share, for a total transaction of $35,617.84.
- On Thursday, October 24th, Saba Capital Management, L.P. purchased 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost 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 shares were purchased at an average cost of $11.12 per share, for a total transaction of $126,156.40.
The Gabelli Healthcare & Wellness Trust Stock Down 0.2 %
The Gabelli Healthcare & Wellness Trust stock traded down $0.02 during trading hours on Thursday, hitting $9.56. The stock had a trading volume of 55,912 shares, compared to its average volume of 31,462. The stock’s 50-day moving average price is $10.38 and its 200-day moving average price is $10.37. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.03 and a 12-month high of $11.24.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 6.28%.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter valued at $1,056,000. International Assets Investment Management LLC boosted 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 valued at $666,000 after acquiring an additional 55,282 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after acquiring an additional 24,430 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $191,000. Finally, Quarry LP bought a new position in The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $72,000.
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.
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