The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.21 and traded as low as $9.71. The Gabelli Healthcare & Wellness Trust shares last traded at $9.76, with a volume of 22,315 shares trading hands.

The Gabelli Healthcare & Wellness Trust Stock Performance

The company's 50 day simple moving average is $10.27 and its 200-day simple moving average is $10.21.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Thursday, March 16th.

Insider Activity

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli purchased 61,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Wednesday, January 18th. The stock was purchased at an average price of $10.00 per share, with a total value of $610,000.00. Following the transaction, the insider now directly owns 61,000 shares of the company's stock, valued at $610,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Jeffrey J. Jonas, Jr. bought 25,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Wednesday, January 18th. The stock was bought at an average cost of $10.00 per share, with a total value of $250,000.00. Following the acquisition, the director now owns 25,000 shares of the company's stock, valued at approximately $250,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mario J. Gabelli bought 61,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Wednesday, January 18th. The stock was purchased at an average cost of $10.00 per share, with a total value of $610,000.00. Following the completion of the acquisition, the insider now directly owns 61,000 shares in the company, valued at approximately $610,000. The disclosure for this purchase can be found here.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its stake in The Gabelli Healthcare & Wellness Trust by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 171,947 shares of the investment management company's stock worth $1,843,000 after purchasing an additional 11,604 shares during the period. Aviance Capital Partners LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 3.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 175,537 shares of the investment management company's stock valued at $1,668,000 after acquiring an additional 5,296 shares during the last quarter. Eudaimonia Partners LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 10.3% during the 3rd quarter. Eudaimonia Partners LLC now owns 46,243 shares of the investment management company's stock valued at $439,000 after acquiring an additional 4,303 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at approximately $135,000. Finally, City of London Investment Management Co. Ltd. boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 24.0% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 13,377 shares of the investment management company's stock valued at $138,000 after acquiring an additional 2,588 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

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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.

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