The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock: Insider Saba Capital Management, L.P. Acquires 8,916 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 8,916 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was acquired at an average cost of $10.44 per share, for a total transaction of $93,083.04. Following the transaction, the insider owned 2,195,738 shares of the company’s stock, valued at $22,923,504.72. This represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, November 4th, Saba Capital Management, L.P. bought 700 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.43 per share, with a total value of $7,301.00.
• On Tuesday, November 3rd, Saba Capital Management, L.P. bought 100 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.18 per share, with a total value of $1,018.00.
• On Monday, November 2nd, Saba Capital Management, L.P. bought 1,201 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.15 per share, with a total value of $12,190.15.
• On Friday, October 30th, Saba Capital Management, L.P. purchased 10,196 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.13 per share, for a total transaction of $103,285.48.
• On Thursday, October 29th, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $10.09 per share, for a total transaction of $5,045.00.
• On Tuesday, October 27th, Saba Capital Management, L.P. bought 300 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.99 per share, for a total transaction of $2,997.00.
• On Monday, October 26th, Saba Capital Management, L.P. acquired 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.00 per share, for a total transaction of $12,840.00.
• On Thursday, October 15th, Saba Capital Management, L.P. bought 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.88 per share, with a total value of $1,976.00.
• On Thursday, October 8th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.40 per share, for a total transaction of $3,760.00.
• On Wednesday, October 7th, Saba Capital Management, L.P. acquired 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.43 per share, for a total transaction of $27,865.65.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX stock opened at $10.42 on Friday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.64. The business has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $9.55.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 6.5%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds have recently made changes to their positions in GRX. Blue Bell Private Wealth Management LLC increased its position in The Gabelli Healthcare & Wellness Trust by 10.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock worth $3,441,000 after purchasing an additional 34,122 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in The Gabelli Healthcare & Wellness Trust by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock valued at $3,132,000 after purchasing an additional 3,800 shares during the last quarter. Aviance Capital Partners LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 0.8% in the third quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock valued at $1,644,000 after buying an additional 1,405 shares in the last quarter. Uhlmann Price Securities LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 4.6% in the third quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock valued at $773,000 after buying an additional 3,569 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after buying an additional 4,000 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.