Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund (NYSE:GRX) Share Price Passes Below 50-Day Moving Average of $10.60

Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund (NYSE:GRX) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.60 and traded as low as $10.46. Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund shares last traded at $10.46, with a volume of 7,195 shares trading hands.

The firm’s fifty day simple moving average is $10.60.

In other news, insider Mario J. Gabelli purchased 20,000 shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of $10.50 per share, with a total value of $210,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mario J. Gabelli purchased 7,000 shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $10.49 per share, with a total value of $73,430.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 35,000 shares of company stock valued at $366,230.

Several institutional investors and hedge funds have recently made changes to their positions in GRX. Kavar Capital Partners LLC bought a new stake in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund during the second quarter valued at about $47,000. National Asset Management Inc. raised its stake in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 23.9% during the second quarter. National Asset Management Inc. now owns 13,579 shares of the investment management company’s stock valued at $144,000 after purchasing an additional 2,619 shares in the last quarter. Ford Financial Group Inc. raised its stake in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 37.8% during the second quarter. Ford Financial Group Inc. now owns 18,322 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 5,025 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 4.0% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 26,201 shares of the investment management company’s stock valued at $276,000 after purchasing an additional 1,000 shares in the last quarter. Finally, 6 Meridian raised its stake in shares of Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund by 20.0% during the second quarter. 6 Meridian now owns 30,667 shares of the investment management company’s stock valued at $323,000 after purchasing an additional 5,117 shares in the last quarter.

Gabelli Healthcare & WellnessRx Trust Closed-Ended Fund Company Profile (NYSE:GRX)

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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