Saba Capital Management, L.P. Buys 1,600 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

Posted by Brian Himes on Apr 17th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,600 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was purchased at an average cost of $9.47 per share, for a total transaction of $15,152.00. Following the completion of the acquisition, the insider now owns 1,972,344 shares in the company, valued at $18,678,097.68. This trade represents a 0.08 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Friday, April 11th, Saba Capital Management, L.P. bought 1,100 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $9.24 per share, for a total transaction of $10,164.00.
On Friday, April 4th, Saba Capital Management, L.P. acquired 13,156 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.62 per share, with a total value of $126,560.72.
On Tuesday, March 18th, Saba Capital Management, L.P. acquired 549 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.88 per share, for a total transaction of $5,424.12.
On Monday, March 10th, Saba Capital Management, L.P. bought 9,437 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $10.18 per share, with a total value of $96,068.66.
On Thursday, March 6th, Saba Capital Management, L.P. purchased 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.97 per share, for a total transaction of $61,913.70.
On Tuesday, March 4th, Saba Capital Management, L.P. acquired 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.96 per share, with a total value of $43,704.48.
On Thursday, February 27th, Saba Capital Management, L.P. bought 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.89 per share, for a total transaction of $9,444.95.
On Tuesday, January 28th, Saba Capital Management, L.P. purchased 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $10.27 per share, with a total value of $15,405.00.

The Gabelli Healthcare & Wellness Trust Trading Down 0.3 %

GRX stock opened at $9.41 on Thursday. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.03 and a fifty-two week high of $11.24. The business’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $10.12.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors 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 yield of 6.38%. The ex-dividend date was Monday, March 17th.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently bought and sold shares of GRX. LPL Financial LLC increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 252.9% during the fourth quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock worth $2,703,000 after purchasing an additional 200,905 shares during the period. Sit Investment Associates Inc. increased its stake in The Gabelli Healthcare & Wellness Trust by 83.1% during the 4th quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock worth $3,538,000 after acquiring an additional 166,619 shares during the period. Absolute Investment Advisers LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 4th quarter worth $813,000. Capstone Investment Advisors LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 469.5% in the 4th quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock valued at $959,000 after acquiring an additional 81,981 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 21.4% during the 4th quarter. Wells Fargo & Company MN now owns 427,010 shares of the investment management company’s stock valued at $4,116,000 after acquiring an additional 75,148 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

(Get Free Report)

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.