Saba Capital Management, L.P. Acquires 1,600 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

Posted by Casey Walker on Apr 17th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,600 shares of the business’s stock in a transaction on Monday, April 14th. The stock was purchased at an average price of $9.47 per share, for a total transaction of $15,152.00. Following the completion of the acquisition, the insider now owns 1,972,344 shares of the company’s stock, valued at approximately $18,678,097.68. This trade represents a 0.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Friday, April 11th, Saba Capital Management, L.P. purchased 1,100 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average price of $9.24 per share, with a total value of $10,164.00.
On Friday, April 4th, Saba Capital Management, L.P. acquired 13,156 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.62 per share, for a total transaction of $126,560.72.
On Tuesday, March 18th, Saba Capital Management, L.P. bought 549 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.88 per share, with a total value of $5,424.12.
On Monday, March 10th, Saba Capital Management, L.P. bought 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.18 per share, for a total transaction of $96,068.66.
On Thursday, March 6th, Saba Capital Management, L.P. acquired 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.97 per share, with a total value of $61,913.70.
On Tuesday, March 4th, Saba Capital Management, L.P. acquired 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.96 per share, for a total transaction of $43,704.48.
On Thursday, February 27th, Saba Capital Management, L.P. purchased 955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average cost of $9.89 per share, for a total transaction of $9,444.95.
On Tuesday, January 28th, Saba Capital Management, L.P. acquired 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $10.27 per share, with a total value of $15,405.00.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.41 on Thursday. The business’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $10.12. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.03 and a 52-week high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Monday, March 17th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. lifted its position in The Gabelli Healthcare & Wellness Trust by 3.5% during the 4th quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock worth $18,422,000 after buying an additional 64,135 shares in the last quarter. Wells Fargo & Company MN raised its holdings in The Gabelli Healthcare & Wellness Trust by 21.4% during the fourth quarter. Wells Fargo & Company MN now owns 427,010 shares of the investment management company’s stock worth $4,116,000 after acquiring an additional 75,148 shares in the last quarter. Sit Investment Associates Inc. boosted its position in The Gabelli Healthcare & Wellness Trust by 83.1% during the fourth quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock valued at $3,538,000 after purchasing an additional 166,619 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in The Gabelli Healthcare & Wellness Trust by 10.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock valued at $3,299,000 after purchasing an additional 33,000 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 252.9% during the 4th quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock worth $2,703,000 after purchasing an additional 200,905 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

(Get Free Report)

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.