The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario Gabelli Purchases 2,500 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli bought 2,500 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average price of $9.69 per share, for a total transaction of $24,225.00. Following the completion of the acquisition, the insider owned 239,425 shares in the company, valued at $2,320,028.25. This represents a 1.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE GRX traded up $0.12 during midday trading on Friday, reaching $9.65. 2,500 shares of the stock were exchanged, compared to its average volume of 26,922. The stock has a 50 day moving average price of $9.33 and a 200-day moving average price of $9.38. The Gabelli Healthcare & Wellness Trust has a 52-week low of $8.93 and a 52-week high of $10.55.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 3.1% during the 1st quarter. LPL Financial LLC now owns 289,088 shares of the investment management company’s stock worth $2,914,000 after acquiring an additional 8,739 shares during the period. Uhlmann Price Securities LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 23.2% during the 2nd quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock valued at $288,000 after buying an additional 5,748 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 103.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock worth $489,000 after buying an additional 25,848 shares during the last quarter. Stephens Inc. AR raised its position in shares of The Gabelli Healthcare & Wellness Trust by 1.5% in the 2nd quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock worth $1,038,000 after buying an additional 1,632 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in The Gabelli Healthcare & Wellness Trust by 2.3% in the first quarter. Gamco Investors INC. ET AL now owns 350,109 shares of the investment management company’s stock valued at $3,529,000 after acquiring an additional 7,883 shares during the last quarter.

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.