The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.32 and traded as low as $9.86. The Gabelli Healthcare & Wellness Trust shares last traded at $9.89, with a volume of 7,829 shares changing hands.

The Gabelli Healthcare & Wellness Trust Stock Down 0.1 %

The business’s 50 day moving average price is $10.03 and its two-hundred day moving average price is $10.32.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 6.07%.

Insider Buying and Selling

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. bought 9,437 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $10.18 per share, for a total transaction of $96,068.66. Following the transaction, the insider now directly owns 1,955,839 shares in the company, valued at approximately $19,910,441.02. This represents a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mario J. Gabelli bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average price of $9.80 per share, for a total transaction of $39,200.00. Following the completion of the transaction, the insider now owns 235,872 shares in the company, valued at $2,311,545.60. This trade represents a 1.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 47,323 shares of company stock worth $467,039 in the last ninety days.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently added to or reduced their stakes in GRX. Aviance Capital Partners LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after purchasing an additional 1,224 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth approximately $191,000. Quarry LP acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth approximately $72,000. Sanctuary Advisors LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 24.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock worth $1,417,000 after purchasing an additional 27,742 shares during the period. Finally, Absolute Investment Advisers LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter worth approximately $813,000.

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.