The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lowered its stake in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 41.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,458 shares of the investment management company’s stock after selling 9,525 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in The Gabelli Healthcare & Wellness Trust were worth $136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in shares of 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 worth $2,703,000 after acquiring an additional 200,905 shares during the period. Sit Investment Associates Inc. raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 83.1% in the 4th quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock worth $3,538,000 after buying an additional 166,619 shares in the last quarter. Capstone Investment Advisors LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 469.5% in the fourth quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock valued at $959,000 after buying an additional 81,981 shares during the period. Wells Fargo & Company MN boosted its stake in The Gabelli Healthcare & Wellness Trust by 21.4% during the fourth quarter. Wells Fargo & Company MN now owns 427,010 shares of the investment management company’s stock valued at $4,116,000 after buying an additional 75,148 shares in the last quarter. Finally, Saba Capital Management L.P. grew its holdings in The Gabelli Healthcare & Wellness Trust by 3.5% during the fourth quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock worth $18,422,000 after acquiring an additional 64,135 shares during the period.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. bought 13,156 shares of the stock in a transaction on Friday, April 4th. The shares were bought at an average price of $9.62 per share, with a total value of $126,560.72. Following the purchase, the insider now directly owns 1,969,644 shares in the company, valued at $18,947,975.28. The trade was a 0.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders bought a total of 17,845 shares of company stock worth $170,798 over the last ninety days.

The Gabelli Healthcare & Wellness Trust Trading Down 1.8%

NYSE GRX opened at $9.45 on Monday. The Gabelli Healthcare & Wellness Trust has a 12 month low of $9.03 and a 12 month high of $11.24. The company’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.83.

The Gabelli Healthcare & Wellness Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be given a $0.17 dividend. This is a positive change from The Gabelli Healthcare & Wellness Trust’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.20%.

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.