The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Acquires 11,312 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 11,312 shares of the stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average price of $9.37 per share, with a total value of $105,993.44. Following the transaction, the insider owned 2,114,117 shares in the company, valued at $19,809,276.29. This trade represents a 0.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large 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, December 17th, Saba Capital Management, L.P. acquired 4,084 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.36 per share, for a total transaction of $38,226.24.
• On Tuesday, November 25th, Saba Capital Management, L.P. bought 14,451 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.62 per share, with a total value of $139,018.62.
• On Thursday, October 23rd, Saba Capital Management, L.P. bought 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.28 per share, with a total value of $193,098.24.
• On Wednesday, October 22nd, Saba Capital Management, L.P. purchased 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.31 per share, with a total value of $9,803.43.
• On Tuesday, October 21st, Saba Capital Management, L.P. purchased 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.29 per share, with a total value of $56,873.38.

The Gabelli Healthcare & Wellness Trust Price Performance

The Gabelli Healthcare & Wellness Trust stock opened at $9.45 on Friday. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.93 and a fifty-two week high of $10.48. The company’s 50 day simple moving average is $9.40 and its 200 day simple moving average is $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRX. Stephens Inc. AR lifted its position in The Gabelli Healthcare & Wellness Trust by 1.5% during 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 in the last quarter. Aviance Capital Partners LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock worth $1,485,000 after purchasing an additional 1,773 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 11.3% in the 2nd quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock valued at $269,000 after buying an additional 2,880 shares during the last quarter. Uhlmann Price Securities LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 14.9% in the third quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock valued at $318,000 after buying an additional 4,531 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 35.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock worth $173,000 after buying an additional 4,815 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.