The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 1,312 Shares of Stock

Posted by Samantha Reynolds on Dec 4th, 2024

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,312 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of $10.46 per share, for a total transaction of $13,723.52. Following the completion of the acquisition, the insider now owns 1,890,626 shares of the company’s stock, valued at approximately $19,775,947.96. This represents a 0.07 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 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 Friday, November 29th, Saba Capital Management, L.P. purchased 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.40 per share, for a total transaction of $53,591.20.
On Wednesday, November 27th, Saba Capital Management, L.P. acquired 2,869 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.42 per share, with a total value of $29,894.98.
On Monday, November 25th, Saba Capital Management, L.P. purchased 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.24 per share, for a total transaction of $44,451.84.
On Friday, November 22nd, Saba Capital Management, L.P. acquired 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.16 per share, with a total value of $49,540.16.
On Monday, November 4th, Saba Capital Management, L.P. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.36 per share, with a total value of $55,571.04.
On Friday, November 1st, Saba Capital Management, L.P. purchased 3,448 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.33 per share, for a total transaction of $35,617.84.
On Thursday, October 24th, Saba Capital Management, L.P. acquired 10,441 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.59 per share, with a total value of $110,570.19.
On Thursday, September 26th, Saba Capital Management, L.P. bought 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 Stock Up 0.2 %

Shares of GRX opened at $10.50 on Wednesday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.85 and a twelve month high of $11.24. The company has a 50 day moving average of $10.57 and a 200-day moving average of $10.33.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid 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 5.71%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter worth approximately $2,254,000. Sanctuary Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the second quarter worth $1,056,000. International Assets Investment Management LLC raised its position in The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after acquiring an additional 55,282 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 26.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after acquiring an additional 24,430 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter valued at $191,000.

About The Gabelli Healthcare & Wellness Trust

(Get Free Report)

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.