Saba Capital Management, L.P. Buys 11,345 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 11,345 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of $11.12 per share, for a total transaction of $126,156.40. Following the purchase, the insider now directly owns 1,845,703 shares in the company, valued at approximately $20,524,217.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, August 26th, Saba Capital Management, L.P. bought 6,453 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.88 per share, for a total transaction of $70,208.64.
• On Thursday, August 22nd, Saba Capital Management, L.P. purchased 4,205 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.69 per share, with a total value of $44,951.45.
• On Friday, August 9th, Saba Capital Management, L.P. purchased 19,481 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.47 per share, with a total value of $203,966.07.
• On Wednesday, August 7th, Saba Capital Management, L.P. purchased 20,714 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.22 per share, with a total value of $211,697.08.
• On Friday, August 2nd, Saba Capital Management, L.P. purchased 1,200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.43 per share, with a total value of $12,516.00.
• On Monday, July 29th, Saba Capital Management, L.P. purchased 10,903 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.34 per share, with a total value of $112,737.02.
• On Thursday, July 25th, Saba Capital Management, L.P. purchased 36,371 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.19 per share, with a total value of $370,620.49.
• On Tuesday, July 23rd, Saba Capital Management, L.P. bought 22,571 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.08 per share, with a total value of $227,515.68.
• On Wednesday, July 10th, Saba Capital Management, L.P. bought 29,088 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.52 per share, with a total value of $276,917.76.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $10.95 on Wednesday. The stock has a 50 day moving average price of $10.79 and a 200-day moving average price of $10.08. The Gabelli Healthcare & Wellness Trust has a one year low of $7.73 and a one year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Monday, September 16th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Aviance Capital Partners LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 2.6% in the 1st quarter. Aviance Capital Partners LLC now owns 121,893 shares of the investment management company’s stock worth $1,248,000 after purchasing an additional 3,101 shares during the period. Stephens Inc. AR lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 12.0% during the 4th quarter. Stephens Inc. AR now owns 123,503 shares of the investment management company’s stock worth $1,152,000 after acquiring an additional 13,209 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 2.2% during the 1st quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock worth $2,275,000 after acquiring an additional 4,818 shares during the last quarter. Quantedge Capital Pte Ltd lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 28.0% during the 4th quarter. Quantedge Capital Pte Ltd now owns 69,396 shares of the investment management company’s stock worth $647,000 after acquiring an additional 15,200 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $53,000.

The Gabelli Healthcare & Wellness Trust Company 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.