Key Points
- Saba Capital Management purchased 1,284 GRX shares at $10 each, investing $12,840 and increasing its ownership to 2,173,825 shares, valued at approximately $21.7 million.
- GRX opened at $10.03, near its 12-month high of $10.20, and trades above both its 50-day and 200-day moving averages.
- The trust pays a quarterly dividend of $0.17 per share, equivalent to an annualized $0.68 dividend and a 6.8% yield.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,284 shares of the firm's stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $12,840.00. Following the purchase, the insider owned 2,173,825 shares of the company's stock, valued at $21,738,250. This represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, October 15th, Saba Capital Management, L.P. acquired 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.88 per share, with a total value of $1,976.00.
- On Thursday, October 8th, Saba Capital Management, L.P. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.40 per share, with a total value of $3,760.00.
- On Wednesday, October 7th, Saba Capital Management, L.P. acquired 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.43 per share, with a total value of $27,865.65.
- On Tuesday, October 6th, Saba Capital Management, L.P. acquired 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.41 per share, with a total value of $41,770.99.
- On Monday, October 5th, Saba Capital Management, L.P. bought 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired 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. bought 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.41 per share, for a total transaction of $53,825.20.
- On Friday, October 2nd, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.35 per share, for a total transaction of $4,675.00.
- On Wednesday, September 30th, Saba Capital Management, L.P. bought 519 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.52 per share, for a total transaction of $4,940.88.
- On Friday, September 11th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired 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. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.08 per share, with a total value of $5,040.00.
The Gabelli Healthcare & Wellness Trust Trading Up 0.3%
GRX opened at $10.03 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.80 and a 12 month high of $10.20. The stock has a 50-day moving average of $9.84 and a 200 day moving average of $9.52.
The Gabelli Healthcare & Wellness Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a yield of 6.8%.
Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust
Several institutional investors have recently modified their holdings of GRX. Gamco Investors INC. ET AL boosted its holdings 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 purchasing an additional 3,800 shares during the period. Aviance Capital Partners LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 2.1% during the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company's stock valued at $1,550,000 after purchasing an additional 3,482 shares during the last quarter. Private Advisor Group LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company's stock valued at $180,000 after purchasing an additional 4,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $90,000. Finally, Fifth Third Bancorp bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $33,000.
About The Gabelli Healthcare & Wellness Trust
(
Get Free Report)
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end investment company focused on long-term capital appreciation. Rather than operating healthcare businesses directly, the trust invests primarily in the equity securities of companies involved in the healthcare and wellness industries.
Its investment universe may include pharmaceutical and biotechnology companies, medical-device manufacturers, healthcare-services providers, and businesses serving broader consumer wellness markets.
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