Key Points
- Saba Capital Management, L.P. purchased 11,312 shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) on Dec. 16 at an average price of $9.37, bringing its direct ownership to 2,114,117 shares (a 0.54% increase).
- The Dec. 16 trade was part of a string of recent buys by Saba — totaling 57,830 shares acquired between Oct. 21 and Dec. 17 — indicating continued accumulation of GRX stock.
- The trust declared a quarterly dividend of $0.17 (ex- and record date Dec. 12; payable Dec. 19), equal to an annualized $0.68 and a yield of 7.2%.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 4,084 shares of the company's stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $9.36 per share, for a total transaction of $38,226.24. Following the purchase, the insider directly owned 2,118,201 shares of the company's stock, valued at $19,826,361.36. This represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Tuesday, December 16th, Saba Capital Management, L.P. bought 11,312 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.37 per share, with a total value of $105,993.44.
- On Tuesday, November 25th, Saba Capital Management, L.P. purchased 14,451 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.62 per share, for a total transaction of $139,018.62.
- On Thursday, October 23rd, Saba Capital Management, L.P. purchased 20,808 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.28 per share, for a total transaction of $193,098.24.
- On Wednesday, October 22nd, Saba Capital Management, L.P. acquired 1,053 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.31 per share, with a total value of $9,803.43.
- On Tuesday, October 21st, Saba Capital Management, L.P. acquired 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.
The Gabelli Healthcare & Wellness Trust Price Performance
The Gabelli Healthcare & Wellness Trust stock opened at $9.45 on Friday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.93 and a 12 month high of $10.48. The business's fifty day simple moving average is $9.40 and its two-hundred day simple moving average is $9.38.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, December 12th.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in shares of 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 worth $3,529,000 after buying an additional 7,883 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 103.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,768 shares of the investment management company's stock worth $489,000 after acquiring an additional 25,848 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 35.8% in the 2nd 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. Uhlmann Price Securities LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 23.2% in the 2nd quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company's stock valued at $288,000 after acquiring an additional 5,748 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in The Gabelli Healthcare & Wellness Trust by 1.5% in the 2nd quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company's stock valued at $1,038,000 after acquiring an additional 1,632 shares in 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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