The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Passes Above Fifty Day Moving Average – What’s Next?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.98 and traded as high as $10.20. The Gabelli Healthcare & Wellness Trust shares last traded at $10.13, with a volume of 21,288 shares.

The Gabelli Healthcare & Wellness Trust Trading Down 0.3 %

The company has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $10.43.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend was Friday, December 13th.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In other news, insider Mario J. Gabelli acquired 4,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Thursday, January 16th. The shares were bought at an average cost of $9.80 per share, with a total value of $39,200.00. Following the transaction, the insider now directly owns 235,872 shares of the company’s stock, valued at $2,311,545.60. This trade represents a 1.73 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Saba Capital Management, L.P. bought 4,341 shares of the company’s stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $10.24 per share, with a total value of $44,451.84. Following the transaction, the insider now directly owns 1,875,369 shares of the company’s stock, valued at approximately $19,203,778.56. This trade represents a 0.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 78,723 shares of company stock worth $785,534.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently bought and sold shares of the business. Independent Advisor Alliance bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $147,000. Blue Bell Private Wealth Management LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 22.3% in 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 buying an additional 37,481 shares during the period. Raymond James Financial Inc. bought a new stake in The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at about $171,000. Winebrenner Capital Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $125,000. Finally, Sanctuary Advisors LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 150,226 shares of the investment management company’s stock worth $1,555,000 after acquiring an additional 10,486 shares in the last quarter.

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.