The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Buys 9,437 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 9,437 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $10.18 per share, with a total value of $96,068.66. Following the completion of the acquisition, the insider now directly owns 1,955,839 shares in the company, valued at $19,910,441.02. The trade was a 0.48 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, March 6th, Saba Capital Management, L.P. purchased 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.97 per share, with a total value of $61,913.70.
• On Tuesday, March 4th, Saba Capital Management, L.P. purchased 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.96 per share, with a total value of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. acquired 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.89 per share, with a total value of $9,444.95.
• On Tuesday, January 28th, Saba Capital Management, L.P. acquired 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.27 per share, with a total value of $15,405.00.
• On Friday, January 10th, Saba Capital Management, L.P. acquired 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.57 per share, with a total value of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. purchased 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.74 per share, with a total value of $198,773.92.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock opened at $10.07 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.21 and a 1 year high of $11.24. The firm has a 50-day moving average of $10.01 and a 200 day moving average of $10.36.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Monday, March 17th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $72,000. Winebrenner Capital Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth approximately $125,000. Independent Advisor Alliance purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter worth $147,000. Raymond James Financial Inc. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter worth $171,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $191,000.

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.