The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock: Insider Saba Capital Management, L.P. Purchases 1,201 Shares

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 1,201 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of $10.15 per share, for a total transaction of $12,190.15. Following the completion of the transaction, the insider owned 2,186,022 shares of the company’s stock, valued at $22,188,123.30. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% 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 Tuesday, November 3rd, Saba Capital Management, L.P. acquired 100 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $10.18 per share, for a total transaction of $1,018.00.
• On Friday, October 30th, Saba Capital Management, L.P. acquired 10,196 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.13 per share, with a total value of $103,285.48.
• On Thursday, October 29th, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.09 per share, with a total value of $5,045.00.
• On Tuesday, October 27th, Saba Capital Management, L.P. bought 300 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.99 per share, with a total value of $2,997.00.
• On Monday, October 26th, Saba Capital Management, L.P. purchased 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.00 per share, for a total transaction of $12,840.00.
• On Thursday, October 15th, Saba Capital Management, L.P. purchased 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.88 per share, with a total value of $1,976.00.
• On Thursday, October 8th, Saba Capital Management, L.P. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.40 per share, for a total transaction of $3,760.00.
• On Wednesday, October 7th, Saba Capital Management, L.P. bought 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.43 per share, with a total value of $27,865.65.
• On Tuesday, October 6th, Saba Capital Management, L.P. purchased 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.41 per share, for a total transaction of $41,770.99.
• On Monday, October 5th, Saba Capital Management, L.P. bought 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.38 per share, for a total transaction of $16,649.50.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of GRX stock opened at $10.43 on Thursday. The stock’s 50 day simple moving average is $9.85 and its 200 day simple moving average is $9.54. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.48.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, September 16th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in The Gabelli Healthcare & Wellness Trust in the 1st quarter worth $33,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at approximately $90,000. International Assets Investment Management LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 23.7% in the 3rd quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock valued at $124,000 after acquiring an additional 2,492 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 25.2% in the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after acquiring an additional 4,000 shares during the period. Finally, Uhlmann Price Securities LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 4.6% during the 3rd quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock worth $773,000 after purchasing an additional 3,569 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness.

Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.