The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Acquires 8,916 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. acquired 8,916 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $10.44 per share, with a total value of $93,083.04. Following the completion of the acquisition, the insider directly owned 2,195,738 shares in the company, valued at approximately $22,923,504.72. This represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, November 4th, Saba Capital Management, L.P. acquired 700 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.43 per share, for a total transaction of $7,301.00.
• On Tuesday, November 3rd, Saba Capital Management, L.P. bought 100 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.18 per share, for a total transaction of $1,018.00.
• On Monday, November 2nd, Saba Capital Management, L.P. bought 1,201 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.15 per share, with a total value of $12,190.15.
• On Friday, October 30th, Saba Capital Management, L.P. bought 10,196 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased 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. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.09 per share, for a total transaction of $5,045.00.
• On Tuesday, October 27th, Saba Capital Management, L.P. acquired 300 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.99 per share, for a total transaction 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 shares were bought at an average price of $10.00 per share, with a total value of $12,840.00.
• On Thursday, October 15th, Saba Capital Management, L.P. purchased 200 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $9.88 per share, for a total transaction of $1,976.00.
• On Thursday, October 8th, Saba Capital Management, L.P. purchased 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.40 per share, for a total transaction of $3,760.00.
• On Wednesday, October 7th, Saba Capital Management, L.P. acquired 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.43 per share, with a total value of $27,865.65.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE GRX traded up $0.03 during trading hours on Friday, reaching $10.42. The stock had a trading volume of 20,607 shares, compared to its average volume of 25,760. The business’s fifty day moving average is $9.86 and its two-hundred day moving average is $9.55. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.64.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently modified their holdings of GRX. Fifth Third Bancorp bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth $33,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $90,000. International Assets Investment Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock worth $124,000 after purchasing an additional 2,492 shares in the last quarter. Private Advisor Group LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 25.2% during the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Uhlmann Price Securities LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 4.6% during the third 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 during 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.