The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Buys $96,068.66 in Stock

Posted by Geri Gentry on Mar 11th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 9,437 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $10.18 per share, for a total transaction of $96,068.66. Following the purchase, the insider now owns 1,955,839 shares in the company, valued at $19,910,441.02. This represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% 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 Thursday, March 6th, Saba Capital Management, L.P. acquired 6,210 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average price of $9.97 per share, with a total value of $61,913.70.
On Tuesday, March 4th, Saba Capital Management, L.P. bought 4,388 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.96 per share, for a total transaction of $43,704.48.
On Thursday, February 27th, Saba Capital Management, L.P. purchased 955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were purchased at an average cost of $9.89 per share, with a total value of $9,444.95.
On Tuesday, January 28th, Saba Capital Management, L.P. acquired 1,500 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was acquired at an average cost of $10.27 per share, for a total transaction of $15,405.00.
On Friday, January 10th, Saba Capital Management, L.P. bought 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.57 per share, for a total transaction of $141,951.81.
On Wednesday, December 18th, Saba Capital Management, L.P. bought 20,408 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.74 per share, with a total value of $198,773.92.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE GRX traded down $0.06 during midday trading on Tuesday, hitting $10.05. 7,255 shares of the stock traded hands, compared to its average volume of 29,191. The Gabelli Healthcare & Wellness Trust has a one year low of $9.21 and a one year high of $11.24. The firm has a 50-day moving average of $10.00 and a two-hundred day moving average of $10.37.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.97%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently made changes to their positions in GRX. Sanctuary Advisors LLC grew its position 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 valued at $1,555,000 after buying an additional 10,486 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 22.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 205,798 shares of the investment management company’s stock worth $1,984,000 after acquiring an additional 37,481 shares during the last quarter. Winebrenner Capital Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at $125,000. Stephens Inc. AR increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 8.6% in the 4th 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. Finally, Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust during the third quarter valued at about $72,000.

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.