The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Crosses Below Two Hundred Day Moving Average of $9.94

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.94 and traded as low as $9.43. The Gabelli Healthcare & Wellness Trust shares last traded at $9.48, with a volume of 36,752 shares.

The Gabelli Healthcare & Wellness Trust Trading Up 0.1 %

The company has a fifty day moving average of $9.81 and a two-hundred day moving average of $9.94.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Thursday, September 14th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its holdings in The Gabelli Healthcare & Wellness Trust by 16.3% in the first quarter. Advisor Group Holdings Inc. now owns 27,574 shares of the investment management company’s stock valued at $354,000 after acquiring an additional 3,858 shares during the period. Lazard Asset Management LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% in the first quarter. Lazard Asset Management LLC now owns 473,587 shares of the investment management company’s stock valued at $6,071,000 after buying an additional 6,687 shares in the last quarter. UBS Group AG increased its position in shares of The Gabelli Healthcare & Wellness Trust by 2.0% in the first quarter. UBS Group AG now owns 239,262 shares of the investment management company’s stock valued at $3,067,000 after buying an additional 4,610 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at $1,153,000. Finally, Eudaimonia Partners LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at $520,000.

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.