Key Points
- Mario Gabelli bought 2,500 GRX shares at $9.69 on Dec. 3 for $24,225, raising his direct stake to 239,425 shares (about $2.32M), a 1.06% increase per an SEC filing.
- The fund declared a quarterly dividend of $0.17 per share (annualized $0.68) with record date Dec. 12 and payment on Dec. 19, implying a 7.1% yield.
- GRX traded up 1.2% to $9.65 (volume 2,500 vs. avg ~26,922), sits in a 52‑week range of $8.93–$10.55, and several institutional investors recently added or initiated positions.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) insider Mario Gabelli bought 2,500 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of $9.69 per share, for a total transaction of $24,225.00. Following the acquisition, the insider directly owned 239,425 shares in the company, valued at approximately $2,320,028.25. This represents a 1.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
The Gabelli Healthcare & Wellness Trust Stock Up 1.2%
The Gabelli Healthcare & Wellness Trust stock traded up $0.12 during trading on Friday, reaching $9.65. 2,500 shares of the company's stock were exchanged, compared to its average volume of 26,922. The Gabelli Healthcare & Wellness Trust has a 52-week low of $8.93 and a 52-week high of $10.55. The company's 50-day moving average is $9.33 and its two-hundred day moving average is $9.38.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Friday, December 12th.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 3.1% during the first quarter. LPL Financial LLC now owns 289,088 shares of the investment management company's stock worth $2,914,000 after purchasing an additional 8,739 shares in the last quarter. Shaker Financial Services LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at about $155,000. Wolverine Asset Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth about $78,000. Sit Investment Associates Inc. lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 16.1% in the first quarter. Sit Investment Associates Inc. now owns 426,290 shares of the investment management company's stock worth $4,297,000 after acquiring an additional 59,255 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in The Gabelli Healthcare & Wellness Trust by 2.3% in the first quarter. Gamco Investors INC. ET AL now owns 350,109 shares of the investment management company's stock valued at $3,529,000 after purchasing an additional 7,883 shares during the last quarter.
The Gabelli Healthcare & Wellness Trust Company Profile
(
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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