Saba Capital Management, L.P. Purchases 13,156 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock

Posted by Editorial Team on Apr 9th, 2025

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 13,156 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $9.62 per share, for a total transaction of $126,560.72. Following the transaction, the insider now directly owns 1,969,644 shares of the company’s stock, valued at $18,947,975.28. The trade was a 0.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

On Tuesday, March 18th, Saba Capital Management, L.P. acquired 549 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were 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 stock was purchased at an average cost of $10.18 per share, for a total transaction 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 shares were acquired at an average cost 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 bought at an average cost 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 stock was purchased at an average price 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 shares were acquired at an average price of $10.27 per share, for a total transaction of $15,405.00.
On Friday, January 10th, Saba Capital Management, L.P. acquired 14,833 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average cost of $9.57 per share, for a total transaction of $141,951.81.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE GRX opened at $9.26 on Wednesday. The company has a 50 day moving average price of $10.02 and a 200 day moving average price of $10.19. The Gabelli Healthcare & Wellness Trust has a 52 week low of $9.07 and a 52 week high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 6.48%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently modified their holdings of GRX. Waverly Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at about $473,000. Saba Capital Management L.P. increased its position in shares of The Gabelli Healthcare & Wellness Trust by 3.5% in the fourth 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 buying an additional 64,135 shares in the last quarter. Capstone Investment Advisors LLC raised its position in The Gabelli Healthcare & Wellness Trust by 469.5% during the fourth quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock worth $959,000 after acquiring an additional 81,981 shares during the period. Quarry LP raised its position in shares of The Gabelli Healthcare & Wellness Trust by 341.8% during 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 last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 10.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock valued at $3,299,000 after acquiring an additional 33,000 shares in the last quarter.

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.