Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Purchases 3,000 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli purchased 3,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the transaction, the insider now directly owns 312,226 shares of the company’s stock, valued at approximately $3,178,460.68. The trade was a 0.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE:GRX opened at $10.30 on Friday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.62 and a 1 year high of $11.24. The business’s 50-day moving average is $10.61 and its 200-day moving average is $10.31.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.83%. The ex-dividend date is Friday, December 13th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Large investors have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $2,254,000. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the second quarter valued at about $1,056,000. International Assets Investment Management LLC raised its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 55,282 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during 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 purchasing an additional 24,430 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at about $191,000.

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.