The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 4,439 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Tuesday, October 6th. The stock was acquired at an average cost of $9.41 per share, with a total value of $41,770.99. Following the acquisition, the insider owned 2,168,986 shares in the company, valued at approximately $20,410,158.26. This represents a 0.21% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Wednesday, October 7th, Saba Capital Management, L.P. purchased 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.43 per share, for a total transaction of $27,865.65.
- On Monday, October 5th, Saba Capital Management, L.P. acquired 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.38 per share, for a total transaction of $16,649.50.
- On Thursday, October 1st, Saba Capital Management, L.P. acquired 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.41 per share, with a total value of $53,825.20.
- On Friday, October 2nd, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.35 per share, with a total value of $4,675.00.
- On Wednesday, September 30th, Saba Capital Management, L.P. bought 519 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.52 per share, with a total value of $4,940.88.
- On Friday, September 11th, Saba Capital Management, L.P. bought 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.71 per share, for a total transaction of $3,884.00.
- On Thursday, September 3rd, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.08 per share, for a total transaction of $5,040.00.
- On Thursday, August 27th, Saba Capital Management, L.P. purchased 4,340 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.05 per share, with a total value of $43,617.00.
- On Friday, August 21st, Saba Capital Management, L.P. acquired 7,087 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.13 per share, with a total value of $71,791.31.
- On Wednesday, August 19th, Saba Capital Management, L.P. acquired 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.13 per share, for a total transaction of $244,153.26.
The Gabelli Healthcare & Wellness Trust Stock Performance
Shares of GRX stock opened at $9.64 on Friday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.80 and a 12-month high of $10.20. The firm’s 50 day moving average is $9.82 and its 200 day moving average is $9.43.
The Gabelli Healthcare & Wellness Trust Announces Dividend
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth approximately $33,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $90,000. Private Advisor Group LLC grew its position in The Gabelli Healthcare & Wellness Trust by 25.2% during the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after buying an additional 4,000 shares during the period. Uhlmann Price Securities LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 22.0% during the first quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock valued at $557,000 after buying an additional 11,088 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 2.1% during the first quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after buying an additional 3,482 shares during the last quarter.
About The Gabelli Healthcare & Wellness Trust
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a diversified, closed-end investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling consumer products, the trust invests in publicly traded companies involved in healthcare and wellness.
Its portfolio may include businesses across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, managed care, diagnostics, consumer health and wellness products, and related industries.
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