The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases $10,164.00 in Stock

Posted by Lauren Steadman on Apr 14th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,100 shares of the stock in a transaction on Friday, April 11th. The shares were acquired at an average cost of $9.24 per share, for a total transaction of $10,164.00. Following the completion of the transaction, the insider now directly owns 1,970,744 shares of the company’s stock, valued at approximately $18,209,674.56. The trade was a 0.06 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Friday, April 4th, Saba Capital Management, L.P. acquired 13,156 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.62 per share, for a total transaction of $126,560.72.
On Tuesday, March 18th, Saba Capital Management, L.P. acquired 549 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased 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. acquired 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.18 per share, with a total value of $96,068.66.
On Thursday, March 6th, Saba Capital Management, L.P. bought 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.97 per share, for a total transaction 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 shares were purchased 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. acquired 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were 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. purchased 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.27 per share, for a total transaction of $15,405.00.

The Gabelli Healthcare & Wellness Trust Trading Up 0.1 %

GRX traded up $0.01 during midday trading on Monday, hitting $9.40. The company had a trading volume of 10,598 shares, compared to its average volume of 28,429. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.03 and a twelve month high of $11.24. The firm’s 50-day simple moving average is $9.94 and its 200-day simple moving average is $10.14.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend was Monday, March 17th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winebrenner Capital Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $125,000. Independent Advisor Alliance bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at about $147,000. Raymond James Financial Inc. bought a new stake in The Gabelli Healthcare & Wellness Trust during the 4th quarter worth approximately $171,000. Quarry LP lifted its stake in The Gabelli Healthcare & Wellness Trust by 341.8% in the fourth quarter. Quarry LP now owns 29,140 shares of the investment management company’s stock valued at $281,000 after buying an additional 22,545 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $473,000.

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.