The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock: Insider Saba Capital Management, L.P. Buys 10,196 Shares

by · The Markets Daily

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 10,196 shares of the business’s stock in a transaction on Friday, October 30th. The stock was bought at an average price of $10.13 per share, with a total value of $103,285.48. Following the transaction, the insider owned 2,184,821 shares in the company, valued at approximately $22,132,236.73. This represents a 0.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, October 29th, Saba Capital Management, L.P. purchased 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $10.09 per share, for a total transaction of $5,045.00.
  • On Tuesday, October 27th, Saba Capital Management, L.P. purchased 300 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought 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 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 stock was bought 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. acquired 400 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.40 per share, with a total value 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 purchased at an average price of $9.43 per share, with a total value of $27,865.65.
  • On Tuesday, October 6th, Saba Capital Management, L.P. acquired 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.41 per share, with a total value of $41,770.99.
  • On Monday, October 5th, Saba Capital Management, L.P. acquired 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.38 per share, with a total value of $16,649.50.
  • On Thursday, October 1st, Saba Capital Management, L.P. bought 5,720 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.41 per share, for a total transaction of $53,825.20.
  • On Friday, October 2nd, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.35 per share, for a total transaction of $4,675.00.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX stock traded up $0.07 during mid-day trading on Monday, hitting $10.21. The stock had a trading volume of 24,226 shares, compared to its average volume of 25,430. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.80 and a 1-year high of $10.23. The company has a fifty day moving average of $9.84 and a 200 day moving average of $9.53.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders 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 6.7%. The ex-dividend date was Wednesday, September 16th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several large investors have recently made changes to their positions in GRX. Blue Bell Private Wealth Management LLC raised its position in The Gabelli Healthcare & Wellness Trust by 10.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock valued at $3,441,000 after acquiring an additional 34,122 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $90,000. Private Advisor Group LLC grew its position in The Gabelli Healthcare & Wellness Trust by 25.2% in the first 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 in the last quarter. Gamco Investors INC. ET AL grew its position in The Gabelli Healthcare & Wellness Trust by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock worth $3,132,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter worth approximately $33,000.

The Gabelli Healthcare & Wellness Trust Company Profile

(Get Free Report)

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.

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