Sanctuary Advisors LLC Raises Holdings in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Sanctuary Advisors LLC increased its position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 7.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 150,226 shares of the investment management company’s stock after acquiring an additional 10,486 shares during the quarter. Sanctuary Advisors LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $1,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Absolute Investment Advisers LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $813,000. International Assets Investment Management LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after buying an additional 55,282 shares during the period. Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at approximately $191,000. Stephens Inc. AR grew its stake in 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 buying an additional 8,633 shares in the last quarter. Finally, Quarry LP bought a new stake in The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $72,000.

The Gabelli Healthcare & Wellness Trust Stock Down 0.7 %

The Gabelli Healthcare & Wellness Trust stock opened at $10.04 on Tuesday. The Gabelli Healthcare & Wellness Trust has a one year low of $9.21 and a one year high of $11.24. The business has a fifty day moving average price of $9.93 and a 200-day moving average price of $10.41.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a $0.15 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 5.98%.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, insider Mario J. Gabelli purchased 7,863 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $10.50 per share, with a total value of $82,561.50. Following the acquisition, the insider now directly owns 7,863 shares in the company, valued at approximately $82,561.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. purchased 5,153 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost of $10.40 per share, for a total transaction of $53,591.20. Following the acquisition, the insider now owns 1,889,314 shares of the company’s stock, valued at approximately $19,648,865.60. This trade represents a 0.27 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 67,506 shares of company stock valued at $671,202 in the last quarter.

The Gabelli Healthcare & Wellness Trust 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.