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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.27 and traded as low as $9.95. The Gabelli Healthcare & Wellness Trust shares last traded at $10.00, with a volume of 10,052 shares trading hands.

The Gabelli Healthcare & Wellness Trust Stock Up 0.1 %

The business has a 50 day simple moving average of $10.08 and a 200 day simple moving average of $10.27.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.00%.

Insider Activity

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli purchased 4,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Monday, December 30th. The stock was bought at an average cost of $9.80 per share, with a total value of $39,200.00. Following the transaction, the insider now owns 229,872 shares of the company’s stock, valued at $2,252,745.60. This represents a 1.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Saba Capital Management, L.P. acquired 14,833 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was acquired at an average cost of $9.57 per share, for a total transaction of $141,951.81. Following the completion of the acquisition, the insider now directly owns 1,925,867 shares in the company, valued at approximately $18,430,547.19. The trade was a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 47,872 shares of company stock valued at $472,463 over the last ninety days.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds have recently modified their holdings of the stock. Capstone Investment Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at approximately $191,000. Quarry LP acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $72,000. Sanctuary Advisors LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 24.8% during the third quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock worth $1,417,000 after buying an additional 27,742 shares in the last quarter. Absolute Investment Advisers LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $813,000. Finally, Stephens Inc. AR increased its holdings in The Gabelli Healthcare & Wellness Trust by 8.6% in the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock valued at $1,046,000 after buying an additional 8,633 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.