The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 14,833 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 14,833 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of $9.57 per share, for a total transaction of $141,951.81. Following the acquisition, the insider now directly owns 1,925,867 shares of the company’s stock, valued at approximately $18,430,547.19. The trade was a 0.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, December 18th, Saba Capital Management, L.P. acquired 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.74 per share, for a total transaction of $198,773.92.
• On Monday, December 2nd, Saba Capital Management, L.P. acquired 1,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.46 per share, for a total transaction of $13,723.52.
• On Friday, November 29th, Saba Capital Management, L.P. acquired 5,153 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price 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 shares were acquired at an average price of $10.42 per share, for a total transaction of $29,894.98.
• On Monday, November 25th, Saba Capital Management, L.P. bought 4,341 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.24 per share, for a total transaction of $44,451.84.
• On Friday, November 22nd, Saba Capital Management, L.P. bought 4,876 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased 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. bought 5,364 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.36 per share, for a total transaction 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 stock was purchased 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 stock was purchased at an average price of $10.59 per share, for a total transaction of $110,570.19.

The Gabelli Healthcare & Wellness Trust Price Performance

The Gabelli Healthcare & Wellness Trust stock traded down $0.05 during midday trading on Tuesday, reaching $9.64. The stock had a trading volume of 49,631 shares, compared to its average volume of 26,204. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.21 and a twelve month high of $11.24. The stock’s 50-day simple moving average is $10.07 and its 200 day simple moving average is $10.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GRX. Quarry LP purchased a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $72,000. Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $191,000. International Assets Investment Management LLC raised its position in The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 55,282 shares during the period. Sanctuary Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the second quarter valued at about $1,056,000. Finally, Aviance Capital Partners LLC raised its position in The Gabelli Healthcare & Wellness Trust by 1.0% in the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after purchasing an additional 1,224 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.