The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock: Insider Saba Capital Management, L.P. Acquires 1,201 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 1,201 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was purchased at an average price of $10.15 per share, for a total transaction of $12,190.15. Following the completion of the purchase, the insider owned 2,186,022 shares in the company, valued at approximately $22,188,123.30. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, October 30th, Saba Capital Management, L.P. acquired 10,196 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.13 per share, with a total value of $103,285.48.
• On Thursday, October 29th, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.09 per share, with a total value of $5,045.00.
• On Tuesday, October 27th, Saba Capital Management, L.P. bought 300 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.99 per share, for a total transaction of $2,997.00.
• On Monday, October 26th, Saba Capital Management, L.P. bought 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $9.88 per share, for a total transaction 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 purchased at an average price of $9.40 per share, with a total value of $3,760.00.
• On Wednesday, October 7th, Saba Capital Management, L.P. purchased 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.43 per share, with a total value of $27,865.65.
• On Tuesday, October 6th, Saba Capital Management, L.P. purchased 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.41 per share, with a total value of $41,770.99.
• On Monday, October 5th, Saba Capital Management, L.P. acquired 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.38 per share, for a total transaction of $16,649.50.
• On Thursday, October 1st, Saba Capital Management, L.P. acquired 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.41 per share, for a total transaction of $53,825.20.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX traded up $0.11 on Tuesday, reaching $10.31. The company’s stock had a trading volume of 32,715 shares, compared to its average volume of 25,464. The stock’s 50 day simple moving average is $9.84 and its two-hundred day simple moving average is $9.53. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.80 and a 12-month high of $10.29.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a $0.17 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 6.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC grew its position in shares of 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 valued at $3,441,000 after acquiring an additional 34,122 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter worth $90,000. Private Advisor Group LLC raised its holdings 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 purchasing an additional 4,000 shares during the period. Gamco Investors INC. ET AL lifted its position in The Gabelli Healthcare & Wellness Trust by 1.1% during the first 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 in the last quarter. Finally, Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust during the first quarter valued at $33,000.

About The Gabelli Healthcare & Wellness Trust

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.