International Assets Investment Management LLC Takes $479,000 Position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

International Assets Investment Management LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,315 shares of the investment management company’s stock, valued at approximately $479,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Landscape Capital Management L.L.C. increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 35.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 16,507 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 4,323 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at about $273,000. Quantedge Capital Pte Ltd increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 16.8% in the 3rd quarter. Quantedge Capital Pte Ltd now owns 54,196 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 7,800 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 97,672 shares of the investment management company’s stock valued at $838,000 after purchasing an additional 1,776 shares in the last quarter. Finally, RPO LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 176.3% in the 3rd quarter. RPO LLC now owns 109,169 shares of the investment management company’s stock valued at $937,000 after purchasing an additional 69,663 shares in the last quarter.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the purchase, the insider now directly owns 210,000 shares in the company, valued at $2,100,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.49 on Friday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $7.73 and a twelve month high of $10.40. The business has a 50-day moving average price of $9.84 and a 200 day moving average price of $9.27.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.33%.

The Gabelli Healthcare & Wellness Trust Profile

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.