The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its stake in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 56.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 139,694 shares of the investment management company’s stock after selling 178,318 shares during the period. Cornerstone Advisors LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GRX. Blue Bell Private Wealth Management LLC boosted its stake in shares of 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. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth about $53,000. Cetera Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at about $2,254,000. Cetera Investment Advisers lifted its stake in The Gabelli Healthcare & Wellness Trust by 2.2% in the 1st quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock valued at $2,275,000 after buying an additional 4,818 shares in the last quarter. Finally, Matisse Capital lifted its stake in The Gabelli Healthcare & Wellness Trust by 232.7% in the 1st quarter. Matisse Capital now owns 101,196 shares of the investment management company’s stock worth $1,036,000 after purchasing an additional 70,777 shares in the last quarter.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 6,453 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $10.88 per share, for a total transaction of $70,208.64. Following the acquisition, the insider now directly owns 1,834,358 shares of the company’s stock, valued at $19,957,815.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired 150,986 shares of company stock valued at $1,531,130 in the last ninety days.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX opened at $11.08 on Tuesday. The company’s 50 day simple moving average is $10.53 and its two-hundred day simple moving average is $9.99. The Gabelli Healthcare & Wellness Trust has a 1-year low of $7.73 and a 1-year high of $11.20.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Monday, September 16th.

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.