The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Saba Capital Management, L.P. Purchases 1,100 Shares

Posted by Brian Himes on Apr 14th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,100 shares of the stock in a transaction on Friday, April 11th. The shares were bought at an average cost of $9.24 per share, for a total transaction of $10,164.00. Following the transaction, the insider now directly owns 1,970,744 shares in the company, valued at approximately $18,209,674.56. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

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

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock traded up $0.01 during trading on Monday, reaching $9.40. 10,598 shares of the company were exchanged, compared to its average volume of 28,429. The company has a 50-day moving average of $9.94 and a two-hundred day moving average of $10.14. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.03 and a twelve month high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.38%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently modified their holdings of the business. Waverly Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $473,000. Saba Capital Management L.P. increased its position in The Gabelli Healthcare & Wellness Trust by 3.5% during the 4th quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock valued at $18,422,000 after purchasing an additional 64,135 shares during the period. Capstone Investment Advisors LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 469.5% during the 4th quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock worth $959,000 after purchasing an additional 81,981 shares during the last quarter. Quarry LP lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 341.8% in the 4th quarter. Quarry LP now owns 29,140 shares of the investment management company’s stock worth $281,000 after purchasing an additional 22,545 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of The Gabelli Healthcare & Wellness Trust by 10.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,299,000 after buying an additional 33,000 shares during the period.

About The Gabelli Healthcare & Wellness Trust

(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.