The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.47 and traded as low as $9.11. The Gabelli Healthcare & Wellness Trust shares last traded at $9.1670, with a volume of 13,254 shares traded.

The Gabelli Healthcare & Wellness Trust Price Performance

The company has a 50-day moving average price of $9.56 and a 200-day moving average price of $9.47.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 17th.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust 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 bought at an average cost of $9.58 per share, with a total value of $46,079.80. Following the completion of the transaction, the insider owned 316,026 shares of the company’s stock, valued at $3,027,529.08. The trade was a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds have recently bought and sold shares of the stock. Aviance Capital Partners LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 1.1% during the third quarter. Aviance Capital Partners LLC now owns 163,679 shares of the investment management company’s stock valued at $1,485,000 after acquiring an additional 1,773 shares during the period. NewEdge Advisors LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 4.0% during the fourth quarter. NewEdge Advisors LLC now owns 66,689 shares of the investment management company’s stock valued at $642,000 after purchasing an additional 2,568 shares during the period. Osaic Holdings Inc. raised 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 valued at $269,000 after purchasing an additional 2,880 shares in the last quarter. Uhlmann Price Securities LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 14.9% in the third quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock worth $318,000 after purchasing an additional 4,531 shares during the period. Finally, LPL Financial LLC lifted its position in The Gabelli Healthcare & Wellness Trust by 2.1% in the fourth quarter. LPL Financial LLC now owns 291,560 shares of the investment management company’s stock worth $2,808,000 after purchasing an additional 5,907 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

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.