The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.41 and traded as low as $10.06. The Gabelli Healthcare & Wellness Trust shares last traded at $10.11, with a volume of 36,875 shares trading hands.

The Gabelli Healthcare & Wellness Trust Trading Down 0.7 %

The stock has a fifty day moving average price of $9.93 and a two-hundred day moving average price of $10.41.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.93%.

Insider Activity

In other news, insider Mario J. Gabelli bought 7,863 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average price of $10.50 per share, with a total value of $82,561.50. Following the completion of the acquisition, the insider now directly owns 7,863 shares in the company, valued at approximately $82,561.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. bought 4,341 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $10.24 per share, for a total transaction of $44,451.84. Following the acquisition, the insider now owns 1,875,369 shares of the company’s stock, valued at $19,203,778.56. This represents a 0.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 73,847 shares of company stock valued at $735,994.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aviance Capital Partners LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 1.0% during the third 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 in the last quarter. Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust during the third quarter worth approximately $72,000. Stephens Inc. AR raised its holdings in The Gabelli Healthcare & Wellness Trust by 8.6% during the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after purchasing an additional 8,633 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 7.5% during the fourth quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock worth $1,555,000 after purchasing an additional 10,486 shares in the last quarter. Finally, Winebrenner Capital Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth approximately $125,000.

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.