The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Acquires 4,084 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 4,084 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $9.36 per share, for a total transaction of $38,226.24. Following the completion of the purchase, the insider owned 2,118,201 shares of the company’s stock, valued at $19,826,361.36. This trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, December 16th, Saba Capital Management, L.P. purchased 11,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.37 per share, with a total value of $105,993.44.
• On Tuesday, November 25th, Saba Capital Management, L.P. bought 14,451 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.62 per share, with a total value of $139,018.62.
• On Thursday, October 23rd, Saba Capital Management, L.P. bought 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.28 per share, with a total value of $193,098.24.
• On Wednesday, October 22nd, Saba Capital Management, L.P. acquired 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.31 per share, for a total transaction of $9,803.43.
• On Tuesday, October 21st, Saba Capital Management, L.P. purchased 6,122 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.29 per share, for a total transaction of $56,873.38.

The Gabelli Healthcare & Wellness Trust Trading Up 1.3%

Shares of NYSE GRX traded up $0.13 during trading on Thursday, reaching $9.47. The company had a trading volume of 35,298 shares, compared to its average volume of 28,116. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.93 and a 12-month high of $10.48. The business’s 50-day moving average is $9.40 and its 200 day moving average is $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, December 12th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently made changes to their positions in GRX. Raymond James Financial Inc. increased its stake in The Gabelli Healthcare & Wellness Trust by 83.9% during the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after acquiring an additional 14,132 shares during the last quarter. Uhlmann Price Securities LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 14.9% in the 3rd quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock worth $318,000 after buying an additional 4,531 shares during the period. Aviance Capital Partners LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.1% in the third quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock valued at $1,485,000 after purchasing an additional 1,773 shares during the period. Wolverine Asset Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $216,000. Finally, Stephens Inc. AR increased its position in The Gabelli Healthcare & Wellness Trust by 10.2% during the 3rd quarter. Stephens Inc. AR now owns 120,989 shares of the investment management company’s stock valued at $1,097,000 after purchasing an additional 11,177 shares during the period.

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.