Key Points
- Mario Gabelli bought 4,810 shares of GRX at an average price of $9.58 (total $46,079.80), bringing his direct ownership to 316,026 shares (≈$3.03M) and increasing his stake by 1.55%.
- The trust recently paid a quarterly dividend of $0.17 (annualized $0.68), yielding about 7.1%.
- GRX opened at $9.61 with a 12-month range of $8.93–$10.48, a 50-day moving average of $9.55 and a 200-day moving average of $9.39.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) insider Mario Gabelli bought 4,810 shares of the business's stock in a transaction dated Monday, January 12th. The stock was acquired at an average cost of $9.58 per share, for a total transaction of $46,079.80. Following the completion of the acquisition, the insider directly owned 316,026 shares in the company, valued at approximately $3,027,529.08. This trade represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
The Gabelli Healthcare & Wellness Trust Stock Performance
Shares of GRX opened at $9.61 on Thursday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.93 and a twelve month high of $10.48. The firm's 50-day moving average is $9.55 and its two-hundred day moving average is $9.39.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 12th were given a $0.17 dividend. 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 company. Stephens Inc. AR grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.5% during the second quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company's stock valued at $1,038,000 after purchasing an additional 1,632 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 1.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company's stock valued at $1,485,000 after buying an additional 1,773 shares during the last quarter. Osaic Holdings Inc. increased its position in The Gabelli Healthcare & Wellness Trust by 11.3% in the 2nd quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company's stock worth $269,000 after buying an additional 2,880 shares during the period. Uhlmann Price Securities LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 14.9% during the 3rd quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company's stock worth $318,000 after purchasing an additional 4,531 shares during the period. Finally, 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 valued at $173,000 after acquiring an additional 4,815 shares in 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.
Further Reading
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