The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Mario J. Gabelli Buys 4,000 Shares

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

The Gabelli Healthcare & Wellness Trust Trading Up 0.2 %

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

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GRX. International Assets Investment Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the second quarter valued at approximately $53,000. Quarry LP bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $72,000. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $191,000. Sanctuary Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the second quarter worth $1,056,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 26.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after acquiring an additional 24,430 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

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.