The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.38 and traded as high as $9.47. The Gabelli Healthcare & Wellness Trust shares last traded at $9.4450, with a volume of 47,135 shares traded.

The Gabelli Healthcare & Wellness Trust Price Performance

The stock has a 50-day moving average of $9.26 and a 200-day moving average of $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.68 annualized dividend and a yield of 7.2%.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In related news, insider Mario J. Gabelli acquired 1,800,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $10.18 per share, for a total transaction of $18,324,000.00. Following the acquisition, the insider directly owned 2,000,000 shares of the company’s stock, valued at approximately $20,360,000. The trade was a 900.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Saba Capital Management, L.P. bought 20,808 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were bought at an average price of $9.28 per share, for a total transaction of $193,098.24. Following the acquisition, the insider directly owned 2,088,354 shares of the company’s stock, valued at $19,379,925.12. This represents a 1.01% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,872,293 shares of company stock worth $19,002,185 over the last quarter.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several large investors have recently made changes to their positions in GRX. Stephens Inc. AR increased its holdings in The Gabelli Healthcare & Wellness Trust by 1.5% during the second quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock worth $1,038,000 after buying an additional 1,632 shares during the last quarter. Aviance Capital Partners LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock worth $1,485,000 after purchasing an additional 1,773 shares during the last quarter. Osaic Holdings Inc. grew its stake in The Gabelli Healthcare & Wellness Trust by 11.3% in the 2nd quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock valued at $269,000 after buying an additional 2,880 shares during the last quarter. Uhlmann Price Securities LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 14.9% in the 3rd quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock valued at $318,000 after acquiring an additional 4,531 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 35.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock worth $173,000 after acquiring an additional 4,815 shares during the period.

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.