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)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

The Gabelli Healthcare & Wellness Trust Stock Performance

The business’s 50-day moving average is $10.03 and its 200 day moving average is $10.32.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Monday, March 17th.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. bought 9,437 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $10.18 per share, with a total value of $96,068.66. Following the acquisition, the insider now directly owns 1,955,839 shares in the company, valued at $19,910,441.02. This represents a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mario J. Gabelli bought 4,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was purchased at an average cost of $9.80 per share, for a total transaction of $39,200.00. Following the completion of the acquisition, the insider now owns 235,872 shares in the company, valued at approximately $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 bought a total of 47,323 shares of company stock valued at $467,039 in the last ninety days.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently bought and sold shares of the company. Aviance Capital Partners LLC boosted its stake 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 valued at $1,416,000 after purchasing an additional 1,224 shares in the last quarter. Quarry LP acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at approximately $72,000. Stephens Inc. AR boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 8.6% in the 4th quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock valued at $1,046,000 after purchasing an additional 8,633 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of 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 valued at $1,555,000 after purchasing an additional 10,486 shares in the last quarter. Finally, Winebrenner Capital Management LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at approximately $125,000.

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.