Saba Capital Management, L.P. Acquires 6,210 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. purchased 6,210 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $9.97 per share, with a total value of $61,913.70. Following the acquisition, the insider now owns 1,943,717 shares of the company’s stock, valued at approximately $19,378,858.49. The trade was a 0.32 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% 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 Monday, March 10th, Saba Capital Management, L.P. bought 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.18 per share, with a total value of $96,068.66.
• On Tuesday, March 4th, Saba Capital Management, L.P. bought 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.96 per share, with a total value of $43,704.48.
• On Thursday, February 27th, Saba Capital Management, L.P. bought 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.89 per share, with a total value of $9,444.95.
• On Tuesday, January 28th, Saba Capital Management, L.P. bought 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.27 per share, with a total value of $15,405.00.
• On Friday, January 10th, Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.57 per share, with a total value of $141,951.81.
• On Wednesday, December 18th, Saba Capital Management, L.P. bought 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.74 per share, with a total value of $198,773.92.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $10.00 on Thursday. The firm has a fifty day moving average price of $10.02 and a 200 day moving average price of $10.36. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.21 and a 1 year high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 6.00%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aviance Capital Partners LLC grew its position in The Gabelli Healthcare & Wellness Trust by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after buying an additional 1,224 shares during the period. Quarry LP acquired a new stake in The Gabelli Healthcare & Wellness Trust during the third quarter valued at $72,000. Stephens Inc. AR grew its position in The Gabelli Healthcare & Wellness Trust by 8.6% during the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock valued at $1,046,000 after buying an additional 8,633 shares during the period. Sanctuary Advisors LLC grew its position in The Gabelli Healthcare & Wellness Trust by 7.5% during the fourth quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock valued at $1,555,000 after buying an additional 10,486 shares during the period. Finally, Winebrenner Capital Management LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $125,000.

About The Gabelli Healthcare & Wellness Trust

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.