Wealthcare Advisory Partners LLC Has $222,000 Position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Wealthcare Advisory Partners LLC trimmed its position in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,983 shares of the investment management company’s stock after selling 5,588 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in The Gabelli Healthcare & Wellness Trust by 24.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock worth $1,417,000 after acquiring an additional 27,742 shares during the last quarter. Quarry LP acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth $72,000. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth $191,000. Aviance Capital Partners LLC raised its position in The Gabelli Healthcare & Wellness Trust by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after purchasing an additional 1,224 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after buying an additional 55,282 shares during the period.

The Gabelli Healthcare & Wellness Trust Trading Up 1.5 %

NYSE GRX opened at $9.93 on Wednesday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $9.21 and a 12 month high of $11.24. The business’s 50-day moving average price is $9.98 and its two-hundred day moving average price is $10.39.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend was Friday, December 13th.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli acquired 4,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was purchased at an average cost of $9.80 per share, with a total value of $39,200.00. Following the transaction, the insider now owns 235,872 shares in the company, valued at approximately $2,311,545.60. The trade was a 1.73 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Saba Capital Management, L.P. acquired 10,441 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of $10.59 per share, for a total transaction of $110,570.19. Following the completion of the purchase, the insider now directly owns 1,857,340 shares in the company, valued at $19,669,230.60. This trade represents a 0.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 95,476 shares of company stock worth $961,938.

The Gabelli Healthcare & Wellness Trust 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.