The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario Gabelli Purchases 4,810 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario Gabelli acquired 4,810 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were purchased at an average cost of $9.58 per share, for a total transaction of $46,079.80. Following the completion of the acquisition, the insider directly owned 316,026 shares in the company, valued at approximately $3,027,529.08. This represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX opened at $9.61 on Thursday. The company’s fifty day moving average is $9.55 and its 200 day moving average is $9.39. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.93 and a fifty-two week high of $10.48.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 12th were 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 was Friday, December 12th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Traub Capital Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 2nd quarter worth approximately $1,142,000. Blue Bell Private Wealth Management LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 15.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 277,858 shares of the investment management company’s stock worth $2,520,000 after buying an additional 37,156 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 103.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company’s stock valued at $489,000 after acquiring an additional 25,848 shares during the period. Wolverine Asset Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $216,000. Finally, Uhlmann Price Securities LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 44.2% in the fourth quarter. Uhlmann Price Securities LLC now owns 50,502 shares of the investment management company’s stock valued at $486,000 after buying an additional 15,473 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.