The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Declares Quarterly Dividend of $0.15

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) declared a quarterly dividend on Friday, August 25th, Zacks reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.15 per share by the investment management company on Friday, September 22nd. This represents a $0.60 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Thursday, September 14th.

The Gabelli Healthcare & Wellness Trust has raised its dividend by an average of 2.3% annually over the last three years.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE:GRX traded down $0.06 during midday trading on Tuesday, hitting $9.30. 9,039 shares of the stock were exchanged, compared to its average volume of 32,564. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.26 and a 52-week high of $10.98. The business’s fifty day simple moving average is $9.72 and its two-hundred day simple moving average is $9.88.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in The Gabelli Healthcare & Wellness Trust in the second quarter worth approximately $27,000. NewEdge Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the second quarter worth approximately $108,000. Cerity Partners LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth $102,000. Stifel Financial Corp acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter worth $104,000. Finally, Private Advisor Group LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $107,000.

About The Gabelli Healthcare & Wellness Trust

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.