The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Price Passes Below 200-Day Moving Average – Here’s Why

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.47 and traded as low as $9.20. The Gabelli Healthcare & Wellness Trust shares last traded at $9.20, with a volume of 33,810 shares changing hands.

The Gabelli Healthcare & Wellness Trust Price Performance

The business’s fifty day moving average is $9.45 and its two-hundred day 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. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $77,000. Closed End Fund Advisors Inc. bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $113,000. Wolverine Asset Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the third quarter worth $216,000. Osaic Holdings Inc. lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 11.3% during 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 during the last quarter. Finally, Raymond James Financial Inc. lifted 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 purchasing 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.