The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Cross Below 200 Day Moving Average of $9.65

Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.65 and traded as low as $9.56. The Gabelli Healthcare & Wellness Trust shares last traded at $9.63, with a volume of 59,027 shares.

The Gabelli Healthcare & Wellness Trust Price Performance

The firm has a 50-day moving average of $9.61 and a 200 day moving average of $9.65.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, June 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Thursday, June 13th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently bought and sold shares of GRX. Cetera Advisors LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $2,254,000. Cetera Investment Advisers boosted its stake in The Gabelli Healthcare & Wellness Trust by 2.2% during the 1st quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock valued at $2,275,000 after purchasing an additional 4,818 shares in the last quarter. Cornerstone Advisors LLC boosted its stake in The Gabelli Healthcare & Wellness Trust by 2.3% during the 1st quarter. Cornerstone Advisors LLC now owns 318,012 shares of the investment management company’s stock valued at $3,256,000 after purchasing an additional 7,292 shares in the last quarter. Matisse Capital increased its position in shares of The Gabelli Healthcare & Wellness Trust by 232.7% during the 1st quarter. Matisse Capital now owns 101,196 shares of the investment management company’s stock valued at $1,036,000 after purchasing an additional 70,777 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 5.2% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 91,489 shares of the investment management company’s stock worth $937,000 after buying an additional 4,481 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

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.