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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.42 and traded as low as $9.13. The Gabelli Healthcare & Wellness Trust shares last traded at $9.18, with a volume of 17,377 shares.

The Gabelli Healthcare & Wellness Trust Stock Performance

The company’s 50-day moving average is $9.10 and its two-hundred day moving average is $9.42.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.68 annualized dividend and a yield of 7.4%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. lifted its position in The Gabelli Healthcare & Wellness Trust by 3.3% during the fourth quarter. Saba Capital Management L.P. now owns 2,118,201 shares of the investment management company’s stock worth $20,398,000 after purchasing an additional 67,166 shares during the period. Sit Investment Associates Inc. lifted its position in The Gabelli Healthcare & Wellness Trust by 23.7% during the fourth quarter. Sit Investment Associates Inc. now owns 1,031,350 shares of the investment management company’s stock worth $9,932,000 after purchasing an additional 197,594 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.1% in 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 acquiring an additional 3,800 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 5.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 292,672 shares of the investment management company’s stock worth $2,818,000 after acquiring an additional 14,814 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of 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 acquiring an additional 5,907 shares during 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.