Sit Investment Associates Inc. Purchases 197,594 Shares of The Gabelli Healthcare & Wellness Trust $GRX

Sit Investment Associates Inc. grew its position in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,031,350 shares of the investment management company’s stock after purchasing an additional 197,594 shares during the period. Sit Investment Associates Inc.’s holdings in The Gabelli Healthcare & Wellness Trust were worth $9,932,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GRX. Evolve Private Wealth LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $1,722,000. &PARTNERS purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $1,143,000. Saba Capital Management L.P. increased its stake in The Gabelli Healthcare & Wellness Trust by 3.3% in the 4th quarter. Saba Capital Management L.P. now owns 2,118,201 shares of the investment management company’s stock valued at $20,398,000 after buying an additional 67,166 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 9.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,296,000 after buying an additional 30,000 shares in the last quarter. Finally, Uhlmann Price Securities LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 44.2% during the 4th quarter. Uhlmann Price Securities LLC now owns 50,502 shares of the investment management company’s stock worth $486,000 after buying an additional 15,473 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE GRX opened at $8.90 on Friday. The stock’s 50 day moving average price is $9.08 and its 200-day moving average price is $9.40. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.05.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, June 15th.

The Gabelli Healthcare & Wellness Trust 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.