The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.38 and traded as low as $9.28. The Gabelli Healthcare & Wellness Trust shares last traded at $9.38, with a volume of 33,971 shares.

The Gabelli Healthcare & Wellness Trust Stock Up 1.2%

The stock has a fifty day moving average of $9.07 and a two-hundred day moving average of $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.68 annualized dividend and a yield of 7.2%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at about $33,000. International Assets Investment Management LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth approximately $77,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter worth approximately $90,000. Closed End Fund Advisors Inc. bought a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at approximately $113,000. Finally, Private Advisor Group LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 4,000 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.