The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires $39,200.00 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli purchased 4,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of $9.80 per share, for a total transaction of $39,200.00. Following the completion of the purchase, the insider now directly owns 229,872 shares of the company’s stock, valued at approximately $2,252,745.60. This represents a 1.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

The Gabelli Healthcare & Wellness Trust Stock Up 0.2 %

GRX stock opened at $9.66 on Friday. The firm’s fifty day moving average is $10.17 and its 200 day moving average is $10.36. The Gabelli Healthcare & Wellness Trust has a 52 week low of $9.16 and a 52 week high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a $0.15 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.21%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the 2nd quarter worth approximately $53,000. Quarry LP bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth approximately $72,000. Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth $191,000. Sanctuary Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at $1,056,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 26.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after acquiring an additional 24,430 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

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.