Sanctuary Advisors LLC Acquires 27,742 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Sanctuary Advisors LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 24.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,740 shares of the investment management company’s stock after purchasing an additional 27,742 shares during the period. Sanctuary Advisors LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,417,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings 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 in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in The Gabelli Healthcare & Wellness Trust by 26.7% during the second 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. Capstone Investment Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter worth $191,000. Quarry LP acquired a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter worth $72,000. Finally, Cetera Investment Advisers increased its stake in The Gabelli Healthcare & Wellness Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after purchasing an additional 3,020 shares in the last quarter.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli bought 7,863 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $10.50 per share, with a total value of $82,561.50. Following the completion of the transaction, the insider now directly owns 7,863 shares in the company, valued at approximately $82,561.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 stock was acquired at an average cost of $10.42 per share, for a total transaction of $29,894.98. Following the transaction, the insider now owns 1,884,161 shares in the company, valued at $19,632,957.62. This represents a 0.15 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 83,988 shares of company stock valued at $867,743.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock opened at $9.65 on Friday. The company’s 50-day moving average is $10.38 and its 200-day moving average is $10.37. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.10 and a 1 year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 6.22%.

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.