120,837 Shares in The Gabelli Healthcare & Wellness Trust $GRX Acquired by Traub Capital Management LLC

Traub Capital Management LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 120,837 shares of the investment management company’s stock, valued at approximately $1,142,000. The Gabelli Healthcare & Wellness Trust makes up about 1.1% of Traub Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GRX. Allworth Financial LP raised its stake in The Gabelli Healthcare & Wellness Trust by 98,440.0% during the 2nd quarter. Allworth Financial LP now owns 4,927 shares of the investment management company’s stock worth $47,000 after buying an additional 4,922 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth approximately $78,000. Shaker Financial Services LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth $155,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 35.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock worth $173,000 after purchasing an additional 4,815 shares in the last quarter. Finally, Uhlmann Price Securities LLC grew its position in The Gabelli Healthcare & Wellness Trust by 23.2% in the 2nd quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock valued at $288,000 after purchasing an additional 5,748 shares during the period.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. purchased 20,808 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were bought at an average cost of $9.28 per share, with a total value of $193,098.24. Following the completion of the transaction, the insider directly owned 2,088,354 shares of the company’s stock, valued at approximately $19,379,925.12. This trade represents a 1.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mario J. Gabelli purchased 1,800,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $10.18 per share, for a total transaction of $18,324,000.00. Following the completion of the acquisition, the insider owned 2,000,000 shares of the company’s stock, valued at $20,360,000. The trade was a 900.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 1,872,293 shares of company stock worth $19,002,185.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX opened at $9.41 on Wednesday. The company’s fifty day moving average price is $9.25 and its two-hundred day moving average price is $9.37. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.93 and a 1-year high of $10.63.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, December 12th.

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.