Wells Fargo & Company MN Buys 75,148 Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

Wells Fargo & Company MN increased its stake in shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 427,010 shares of the investment management company’s stock after buying an additional 75,148 shares during the period. Wells Fargo & Company MN’s holdings in The Gabelli Healthcare & Wellness Trust were worth $4,116,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GRX. LPL Financial LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 252.9% in the 4th quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock valued at $2,703,000 after acquiring an additional 200,905 shares during the period. Absolute Investment Advisers LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $813,000. Blue Bell Private Wealth Management LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 22.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 205,798 shares of the investment management company’s stock valued at $1,984,000 after purchasing an additional 37,481 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at approximately $171,000. Finally, Independent Advisor Alliance purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at approximately $147,000.

The Gabelli Healthcare & Wellness Trust Trading Down 2.4 %

The Gabelli Healthcare & Wellness Trust stock opened at $9.17 on Tuesday. The firm has a 50 day simple moving average of $9.85 and a 200 day simple moving average of $10.08. The Gabelli Healthcare & Wellness Trust has a 1-year low of $9.03 and a 1-year high of $11.24.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.54%. The ex-dividend date was Monday, March 17th.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 13,156 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $9.62 per share, with a total value of $126,560.72. Following the completion of the purchase, the insider now owns 1,969,644 shares in the company, valued at approximately $18,947,975.28. The trade was a 0.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have purchased 40,895 shares of company stock worth $403,988.

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.