Key Points
- Insider purchase: Mario Gabelli bought 100,000 shares on December 26 at $10.00 each for a total of $1,000,000, bringing his direct ownership to 500,000 shares — a 25% increase.
- Dividend yield: The trust paid a quarterly dividend of $0.17 per share on December 19 (record/ex-div date December 12), equal to a $0.68 annualized payout and a ~7.1% yield.
- Price context: GRX opened at $9.61, with a 12‑month range of $8.93 to $10.48 and moving averages of $9.47 (50‑day) and $9.38 (200‑day).
The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) insider Mario Gabelli purchased 100,000 shares of the firm's stock in a transaction dated Friday, December 26th. The shares were acquired at an average cost of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the insider directly owned 500,000 shares in the company, valued at approximately $5,000,000. This represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
The Gabelli Healthcare & Wellness Trust Price Performance
Shares of GRX stock opened at $9.61 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.93 and a 12 month high of $10.48. The company's fifty day simple moving average is $9.47 and its 200-day simple moving average is $9.38.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 12th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.68 annualized dividend and a yield of 7.1%.
Institutional Trading of The Gabelli Healthcare & Wellness Trust
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its position in The Gabelli Healthcare & Wellness Trust by 98,440.0% during the second quarter. Allworth Financial LP now owns 4,927 shares of the investment management company's stock valued at $47,000 after purchasing an additional 4,922 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of 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 valued at $173,000 after buying an additional 4,815 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at approximately $216,000. Osaic Holdings Inc. grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 11.3% in the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company's stock valued at $269,000 after buying an additional 2,880 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in The Gabelli Healthcare & Wellness Trust by 83.9% during the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company's stock worth $281,000 after buying an additional 14,132 shares during the last quarter.
The Gabelli Healthcare & Wellness Trust Company Profile
(
Get Free Report)
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.
The trust's portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.
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