Mario J. Gabelli Purchases 4,000 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli purchased 4,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $9.80 per share, for a total transaction of $39,200.00. Following the completion of the purchase, the insider now directly owns 229,872 shares in the company, valued at approximately $2,252,745.60. This trade represents a 1.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX stock opened at $9.76 on Friday. The company has a 50 day moving average price of $10.15 and a 200 day moving average price of $10.36. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.21 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $1,056,000. International Assets Investment Management LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after acquiring an additional 55,282 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 26.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after acquiring an additional 24,430 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $191,000. Finally, Quarry LP acquired a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $72,000.

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.