The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Passes Above 200-Day Moving Average – Here’s Why

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.38 and traded as high as $9.80. The Gabelli Healthcare & Wellness Trust shares last traded at $9.7650, with a volume of 11,151 shares traded.

The Gabelli Healthcare & Wellness Trust Stock Performance

The firm’s 50 day simple moving average is $9.38 and its 200 day simple moving average is $9.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth approximately $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth $90,000. Closed End Fund Advisors Inc. acquired a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $113,000. Finally, Private Advisor Group LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 4,000 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.