Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $15,152.00 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 1,600 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Monday, April 14th. The shares were purchased at an average price of $9.47 per share, for a total transaction of $15,152.00. Following the completion of the purchase, the insider now directly owns 1,972,344 shares of the company’s stock, valued at approximately $18,678,097.68. This represents a 0.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more 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 Friday, April 11th, Saba Capital Management, L.P. purchased 1,100 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.24 per share, with a total value of $10,164.00.
• On Friday, April 4th, Saba Capital Management, L.P. acquired 13,156 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.62 per share, for a total transaction of $126,560.72.
• On Tuesday, March 18th, Saba Capital Management, L.P. bought 549 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.88 per share, for a total transaction of $5,424.12.
• On Monday, March 10th, Saba Capital Management, L.P. purchased 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.18 per share, for a total transaction of $96,068.66.
• On Thursday, March 6th, Saba Capital Management, L.P. acquired 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.97 per share, with a total value of $61,913.70.
• On Tuesday, March 4th, Saba Capital Management, L.P. bought 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.96 per share, for a total transaction of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. bought 955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.89 per share, with a total value of $9,444.95.
• On Tuesday, January 28th, Saba Capital Management, L.P. purchased 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.27 per share, for a total transaction of $15,405.00.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.43 on Friday. The company’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $10.11. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.03 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.37%. The ex-dividend date was Monday, March 17th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 252.9% during the fourth quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock worth $2,703,000 after purchasing an additional 200,905 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 7.5% during the 4th quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock worth $1,555,000 after acquiring an additional 10,486 shares during the last quarter. Raymond James Financial Inc. acquired a new position in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at approximately $171,000. Independent Advisor Alliance bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $147,000. Finally, Winebrenner Capital Management LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $125,000.

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.