AQR Arbitrage LLC Sells 17,697 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

AQR Arbitrage LLC lessened its stake in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,721 shares of the investment management company’s stock after selling 17,697 shares during the quarter. AQR Arbitrage LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,357,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GRX. LPL Financial LLC raised its position in The Gabelli Healthcare & Wellness Trust by 252.9% in the 4th quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock valued at $2,703,000 after buying an additional 200,905 shares during the last quarter. Sit Investment Associates Inc. grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 83.1% in the 4th quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock worth $3,538,000 after acquiring an additional 166,619 shares in the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at about $813,000. Wells Fargo & Company MN lifted its position in shares of 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 valued at $4,116,000 after purchasing an additional 75,148 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 22.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 205,798 shares of the investment management company’s stock valued at $1,984,000 after purchasing an additional 37,481 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Down 0.2 %

Shares of GRX stock opened at $9.78 on Friday. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.03 and a 52-week high of $11.24. The company has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $10.02.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.13%. The ex-dividend date was Monday, March 17th.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 6,210 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $9.97 per share, for a total transaction of $61,913.70. Following the purchase, the insider now directly owns 1,943,717 shares of the company’s stock, valued at $19,378,858.49. This trade represents a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders acquired 38,835 shares of company stock valued at $382,799.

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.