The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Increases Dividend to $0.20 Per Share

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, December 11th will be given a dividend of $0.20 per share by the investment management company on Friday, December 18th. This represents a $0.80 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, December 11th. This is a 17.6% increase from The Gabelli Healthcare & Wellness Trust’s previous quarterly dividend of $0.17.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock opened at $10.40 on Thursday. The firm has a 50-day moving average price of $9.89 and a 200-day moving average price of $9.56. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.80 and a 12-month high of $10.64.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 8,916 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was purchased at an average price of $10.44 per share, with a total value of $93,083.04. Following the completion of the purchase, the insider owned 2,195,738 shares of the company’s stock, valued at approximately $22,923,504.72. The trade was a 0.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have bought 77,337 shares of company stock valued at $773,570.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors have recently added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in The Gabelli Healthcare & Wellness Trust during the 1st quarter worth $90,000. Blue Bell Private Wealth Management LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 10.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock valued at $3,441,000 after buying an additional 34,122 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth approximately $187,000. Aviance Capital Partners LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 2.1% in the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after buying an additional 3,482 shares in the last quarter. Finally, Uhlmann Price Securities LLC boosted its stake in The Gabelli Healthcare & Wellness Trust by 4.6% during the 3rd quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock worth $773,000 after purchasing an additional 3,569 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness. Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.