Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Acquires $30,540.00 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli bought 3,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $10.18 per share, for a total transaction of $30,540.00. Following the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Up 0.5 %

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

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently bought and sold shares of GRX. Cetera Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the first quarter valued at about $2,254,000. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth $1,056,000. International Assets Investment Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings 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 purchasing an additional 24,430 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter worth $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.