The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Cross Below 200 Day Moving Average – Should You Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.42 and traded as low as $9.13. The Gabelli Healthcare & Wellness Trust shares last traded at $9.18, with a volume of 17,377 shares traded.

The Gabelli Healthcare & Wellness Trust Price Performance

The stock has a 50-day moving average price of $9.10 and a two-hundred day moving average price of $9.41.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.4%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently bought and sold shares of GRX. Fifth Third Bancorp acquired a new position in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $33,000. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $77,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at $90,000. Closed End Fund Advisors Inc. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $113,000. Finally, Private Advisor Group LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 25.2% in the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after acquiring an additional 4,000 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.