Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires $35,596.80 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 3,456 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $10.30 per share, for a total transaction of $35,596.80. Following the completion of the purchase, the insider now owns 225,328 shares of the company’s stock, valued at approximately $2,320,878.40. The trade was a 1.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock opened at $10.04 on Tuesday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.03 and a twelve month high of $11.24. The business’s fifty day moving average is $10.45 and its 200-day moving average is $10.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced 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. This represents a $0.60 annualized dividend and a yield of 5.98%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRX. Sanctuary Advisors LLC raised its position 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 acquiring an additional 27,742 shares during the period. Quarry LP acquired a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter worth $72,000. Capstone Investment Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter worth $191,000. Aviance Capital Partners LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after purchasing an additional 1,224 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of 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.

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.