The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Buys 2,869 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 2,869 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $10.42 per share, with a total value of $29,894.98. Following the completion of the acquisition, the insider now directly owns 1,884,161 shares in the company, valued at approximately $19,632,957.62. This represents a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.24 per share, with a total value of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. purchased 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.16 per share, for a total transaction of $49,540.16.
• On Monday, November 4th, Saba Capital Management, L.P. acquired 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.36 per share, with a total value of $55,571.04.
• On Friday, November 1st, Saba Capital Management, L.P. bought 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.33 per share, for a total transaction of $35,617.84.
• On Thursday, October 24th, Saba Capital Management, L.P. bought 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.59 per share, with a total value of $110,570.19.
• On Thursday, September 26th, Saba Capital Management, L.P. purchased 11,345 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $11.12 per share, for a total transaction of $126,156.40.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE:GRX opened at $10.42 on Monday. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.71 and a 1-year high of $11.24. The business has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $10.32.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 5.76%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 24.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock valued at $1,417,000 after purchasing an additional 27,742 shares during the period. Quarry LP acquired a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $72,000. Capstone Investment Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the third quarter worth about $191,000. Aviance Capital Partners LLC grew its position in shares of The Gabelli Healthcare & Wellness Trust by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after buying an additional 1,224 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of 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 buying an additional 55,282 shares during the period.

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.