Gamco Investors INC. ET AL Increases Stock Position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Gamco Investors INC. ET AL increased its holdings in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 342,226 shares of the investment management company’s stock after purchasing an additional 33,000 shares during the period. Gamco Investors INC. ET AL’s holdings in The Gabelli Healthcare & Wellness Trust were worth $3,299,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 252.9% in the 4th quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock valued at $2,703,000 after acquiring an additional 200,905 shares during the period. Sanctuary Advisors LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock valued at $1,555,000 after purchasing an additional 10,486 shares during the last quarter. Raymond James Financial Inc. bought a new position in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $171,000. Independent Advisor Alliance purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at about $147,000. Finally, Winebrenner Capital Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $125,000.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 4,388 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $9.96 per share, for a total transaction of $43,704.48. Following the completion of the acquisition, the insider now directly owns 1,937,507 shares in the company, valued at $19,297,569.72. The trade was a 0.23 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 40,895 shares of company stock valued at $403,988.

The Gabelli Healthcare & Wellness Trust Trading Up 0.2 %

NYSE GRX opened at $9.43 on Friday. The Gabelli Healthcare & Wellness Trust has a 52 week low of $9.03 and a 52 week high of $11.24. The company has a 50 day moving average price of $9.88 and a 200 day moving average price of $10.11.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date was Monday, March 17th.

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.