Key Points
- Saba Capital Management purchased 4,439 shares of The Gabelli Healthcare & Wellness Trust at an average price of $9.41, investing $41,770.99. Its holdings rose 0.21% to 2,168,986 shares valued at approximately $20.4 million.
- The major shareholder has made multiple additional purchases in recent weeks, including 5,720 shares on October 1 and 1,775 shares on October 5, signaling continued accumulation of GRX stock.
- GRX recently paid a quarterly dividend of $0.17 per share, equivalent to $0.68 annually and a 7.1% dividend yield; shares opened at $9.60, within a 12-month range of $8.80 to $10.20.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. bought 4,439 shares of the company's stock in a transaction that occurred on Tuesday, October 6th. The shares were bought at an average price of $9.41 per share, with a total value of $41,770.99. Following the completion of the acquisition, the insider directly owned 2,168,986 shares in the company, valued at $20,410,158.26. This trade represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Monday, October 5th, Saba Capital Management, L.P. purchased 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.38 per share, for a total transaction of $16,649.50.
- On Thursday, October 1st, Saba Capital Management, L.P. purchased 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.41 per share, for a total transaction of $53,825.20.
- On Friday, October 2nd, Saba Capital Management, L.P. acquired 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.35 per share, with a total value of $4,675.00.
- On Wednesday, September 30th, Saba Capital Management, L.P. acquired 519 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.52 per share, with a total value of $4,940.88.
- On Friday, September 11th, Saba Capital Management, L.P. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.71 per share, with a total value of $3,884.00.
- On Thursday, September 3rd, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.08 per share, for a total transaction of $5,040.00.
- On Thursday, August 27th, Saba Capital Management, L.P. bought 4,340 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $10.05 per share, for a total transaction of $43,617.00.
- On Friday, August 21st, Saba Capital Management, L.P. purchased 7,087 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.13 per share, with a total value of $71,791.31.
- On Wednesday, August 19th, Saba Capital Management, L.P. purchased 24,102 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.13 per share, with a total value of $244,153.26.
- On Friday, August 14th, Saba Capital Management, L.P. purchased 1,203 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.86 per share, with a total value of $11,861.58.
The Gabelli Healthcare & Wellness Trust Price Performance
Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.60 on Friday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.80 and a 12-month high of $10.20. The company's fifty day simple moving average is $9.82 and its two-hundred day simple moving average is $9.43.
The Gabelli Healthcare & Wellness Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were issued 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 was Wednesday, September 16th.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $90,000. Gamco Investors INC. ET AL grew its position in shares of The Gabelli Healthcare & Wellness Trust by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company's stock worth $3,132,000 after buying an additional 3,800 shares during the last quarter. Aviance Capital Partners LLC grew its position in shares of The Gabelli Healthcare & Wellness Trust by 2.1% in the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company's stock worth $1,550,000 after buying an additional 3,482 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth approximately $33,000. Finally, Private Advisor Group LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company's stock valued at $180,000 after buying an additional 4,000 shares during the period.
The Gabelli Healthcare & Wellness Trust Company Profile
(
Get Free Report)
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a diversified, closed-end investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling consumer products, the trust invests in publicly traded companies involved in healthcare and wellness.
Its portfolio may include businesses across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, managed care, diagnostics, consumer health and wellness products, and related industries.
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