The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of The Gabelli Healthcare & Wellness Trust (NYSE:GRX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.47 and traded as low as $9.17. The Gabelli Healthcare & Wellness Trust shares last traded at $9.2090, with a volume of 21,834 shares changing hands.

The Gabelli Healthcare & Wellness Trust Trading Down 0.1%

The stock’s fifty day simple moving average is $9.50 and its 200 day simple moving average is $9.47.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.4%.

Insider Activity

In other news, insider Mario J. Gabelli acquired 4,810 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Monday, January 12th. The stock was purchased at an average cost of $9.58 per share, with a total value of $46,079.80. Following the completion of the purchase, the insider directly owned 316,026 shares in the company, valued at approximately $3,027,529.08. This trade represents a 1.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of hedge funds and other institutional investors have recently modified their holdings of GRX. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $77,000. Closed End Fund Advisors Inc. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $113,000. Wolverine Asset Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth $216,000. Osaic Holdings Inc. increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 11.3% in the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock worth $269,000 after purchasing an additional 2,880 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 83.9% during the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after acquiring an additional 14,132 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.