The Gabelli Healthcare & Wellness Trust (GRX) to Issue Quarterly Dividend of $0.17 on June 23rd

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 15th will be given a dividend of 0.17 per share by the investment management company on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Monday, June 15th.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock opened at $9.21 on Friday. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.85 and a twelve month high of $10.05. The business’s 50-day simple moving average is $9.10 and its 200 day simple moving average is $9.41.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently added to or reduced their stakes in GRX. Fifth Third Bancorp acquired a new stake in The Gabelli Healthcare & Wellness Trust during the first quarter worth about $33,000. International Assets Investment Management LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $77,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Gabelli Healthcare & Wellness Trust during the first quarter worth about $90,000. Closed End Fund Advisors Inc. acquired a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $113,000. Finally, Private Advisor Group LLC grew 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.

About The Gabelli Healthcare & Wellness Trust

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.