Key Points
- Saba Capital Management bought 14,451 GRX shares on Nov. 25 at $9.62 each (~$139,018), raising its stake to 2,102,805 shares — a 0.69% increase — according to an SEC filing.
- The Nov. 25 trade continues a string of recent purchases by Saba (including 20,808 shares on Oct. 23 and multiple smaller buys in Oct–Sep), signaling sustained insider accumulation.
- The fund declared a quarterly dividend of $0.17 per share (annualized $0.68), with an ex‑dividend and record date of Dec. 12 and payment on Dec. 19, representing a 7.1% yield.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 14,451 shares of the stock in a transaction dated Tuesday, November 25th. The shares were bought at an average cost of $9.62 per share, for a total transaction of $139,018.62. Following the completion of the purchase, the insider owned 2,102,805 shares in the company, valued at approximately $20,228,984.10. This trade represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, October 23rd, Saba Capital Management, L.P. acquired 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.28 per share, for a total transaction of $193,098.24.
- On Wednesday, October 22nd, Saba Capital Management, L.P. bought 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price 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 shares were bought at an average price of $9.29 per share, with a total value of $56,873.38.
- On Friday, September 12th, Saba Capital Management, L.P. purchased 7,732 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.43 per share, for a total transaction of $72,912.76.
- On Thursday, September 11th, Saba Capital Management, L.P. acquired 6,147 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.43 per share, with a total value of $57,966.21.
The Gabelli Healthcare & Wellness Trust Stock Up 0.1%
GRX traded up $0.01 during trading on Thursday, reaching $9.63. 47,503 shares of the stock were exchanged, compared to its average volume of 26,888. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.93 and a 1 year high of $10.63. The business's 50 day moving average price is $9.27 and its two-hundred day moving average price is $9.36.
The Gabelli Healthcare & Wellness Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, December 12th.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in The Gabelli Healthcare & Wellness Trust by 98,440.0% in the 2nd quarter. Allworth Financial LP now owns 4,927 shares of the investment management company's stock valued at $47,000 after acquiring an additional 4,922 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at about $78,000. Shaker Financial Services LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at about $155,000. Wealthcare Advisory Partners LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 35.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company's stock worth $173,000 after acquiring an additional 4,815 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in The Gabelli Healthcare & Wellness Trust by 11.3% during the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company's stock worth $269,000 after purchasing an additional 2,880 shares during the last quarter.
About The Gabelli Healthcare & Wellness Trust
(
Get Free Report)
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.
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