Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Purchases 1,000 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average cost of $10.20 per share, for a total transaction of $10,200.00. Following the completion of the transaction, the insider now directly owns 236,925 shares of the company’s stock, valued at approximately $2,416,635. The trade was a 0.42 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX opened at $10.04 on Tuesday. The company’s 50 day simple moving average is $9.93 and its 200 day simple moving average is $10.41. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.21 and a 1 year high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a $0.15 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.60 annualized dividend and a dividend yield of 5.98%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently modified their holdings of the stock. Waverly Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth approximately $473,000. Saba Capital Management L.P. lifted its position in The Gabelli Healthcare & Wellness Trust by 3.5% during the fourth quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock valued at $18,422,000 after buying an additional 64,135 shares in the last quarter. Capstone Investment Advisors LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 469.5% during the fourth quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock valued at $959,000 after buying an additional 81,981 shares in the last quarter. Quarry LP lifted its position in The Gabelli Healthcare & Wellness Trust by 341.8% during the fourth quarter. Quarry LP now owns 29,140 shares of the investment management company’s stock valued at $281,000 after buying an additional 22,545 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in The Gabelli Healthcare & Wellness Trust by 10.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock valued at $3,299,000 after buying an additional 33,000 shares in 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.