Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Purchases 4,000 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 4,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was acquired at an average cost of $9.80 per share, with a total value of $39,200.00. Following the completion of the transaction, the insider now owns 235,872 shares of the company’s stock, valued at approximately $2,311,545.60. The trade was a 1.73 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

The Gabelli Healthcare & Wellness Trust Stock Up 1.5 %

Shares of GRX traded up $0.15 during midday trading on Tuesday, reaching $9.93. 14,863 shares of the stock were exchanged, compared to its average volume of 26,214. The stock’s 50 day simple moving average is $9.99 and its 200 day simple moving average is $10.39. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.21 and a twelve month high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after buying an additional 55,282 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $1,056,000. 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 acquiring an additional 3,020 shares during the last quarter. Quarry LP acquired a new position in The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $72,000. Finally, Capstone Investment Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $191,000.

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.