Aviance Capital Partners LLC Cuts Stock Position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Aviance Capital Partners LLC reduced its holdings in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,792 shares of the investment management company’s stock after selling 7,082 shares during the period. Aviance Capital Partners LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,108,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 10.5% during the 4th quarter. Cerity Partners LLC now owns 11,347 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 1,076 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of The Gabelli Healthcare & Wellness Trust by 35.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 16,507 shares of the investment management company’s stock worth $142,000 after acquiring an additional 4,323 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at approximately $273,000. Quantedge Capital Pte Ltd grew its stake in The Gabelli Healthcare & Wellness Trust by 16.8% in the third quarter. Quantedge Capital Pte Ltd now owns 54,196 shares of the investment management company’s stock worth $465,000 after purchasing an additional 7,800 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $479,000.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In related news, insider Mario J. Gabelli purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of $10.00 per share, with a total value of $100,000.00. Following the transaction, the insider now directly owns 210,000 shares in the company, valued at approximately $2,100,000. The purchase was disclosed in a document filed with the SEC, which is available through this link.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock traded up $0.11 on Tuesday, hitting $9.61. 19,571 shares of the stock traded hands, compared to its average volume of 32,368. The business’s fifty day simple moving average is $9.77 and its 200 day simple moving average is $9.33. The Gabelli Healthcare & Wellness Trust has a 1 year low of $7.73 and a 1 year high of $10.30.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date was Wednesday, March 13th.

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.