Cornerstone Advisors LLC Raises Stock Holdings in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Cornerstone Advisors LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 318,012 shares of the investment management company’s stock after acquiring an additional 7,292 shares during the quarter. Cornerstone Advisors LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $3,256,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Cerity Partners LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 10.5% during the 4th quarter. Cerity Partners LLC now owns 11,347 shares of the investment management company’s stock valued at $106,000 after buying an additional 1,076 shares in the last quarter. Matisse Capital purchased a new position in The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $284,000. International Assets Investment Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $479,000. Quantedge Capital Pte Ltd lifted its stake in The Gabelli Healthcare & Wellness Trust by 28.0% in the 4th quarter. Quantedge Capital Pte Ltd now owns 69,396 shares of the investment management company’s stock worth $647,000 after purchasing an additional 15,200 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 5.2% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 91,489 shares of the investment management company’s stock valued at $937,000 after purchasing an additional 4,481 shares during the last quarter.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. bought 29,088 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average cost of $9.52 per share, with a total value of $276,917.76. Following the completion of the acquisition, the insider now owns 1,627,704 shares in the company, valued at approximately $15,495,742.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

The Gabelli Healthcare & Wellness Trust Trading Up 0.6 %

Shares of The Gabelli Healthcare & Wellness Trust stock traded up $0.06 during trading on Friday, reaching $10.04. 20,309 shares of the stock traded hands, compared to its average volume of 36,525. The Gabelli Healthcare & Wellness Trust has a 52-week low of $7.73 and a 52-week high of $10.30. The business has a fifty day simple moving average of $9.67 and a two-hundred day simple moving average of $9.70.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, June 13th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend was Thursday, June 13th.

The Gabelli Healthcare & Wellness Trust Profile

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.