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) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.43 and traded as low as $8.85. The Gabelli Healthcare & Wellness Trust shares last traded at $8.8790, with a volume of 17,396 shares trading hands.

The Gabelli Healthcare & Wellness Trust Stock Down 0.7%

The firm has a fifty day moving average price of $9.08 and a 200 day moving average price of $9.43.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in The Gabelli Healthcare & Wellness Trust during the first quarter worth $90,000. Gamco Investors INC. ET AL increased its position in The Gabelli Healthcare & Wellness Trust by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock worth $3,132,000 after buying an additional 3,800 shares in the last quarter. Aviance Capital Partners LLC increased its position in The Gabelli Healthcare & Wellness Trust by 2.1% during the first quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock worth $1,550,000 after buying an additional 3,482 shares in the last quarter. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust during the first quarter worth $33,000. Finally, Private Advisor Group LLC increased its position in The Gabelli Healthcare & Wellness Trust by 25.2% during the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after buying an additional 4,000 shares in the last quarter.

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.