The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Stock Crosses Below 200 Day Moving Average – Here’s Why

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.45 and traded as low as $8.95. The Gabelli Healthcare & Wellness Trust shares last traded at $9.01, with a volume of 28,191 shares traded.

The Gabelli Healthcare & Wellness Trust Price Performance

The company’s 50 day simple moving average is $9.12 and its 200-day simple moving average is $9.44.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.68 annualized dividend and a yield of 7.5%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently added to or reduced their stakes in GRX. Osaic Holdings Inc. lifted its stake in The Gabelli Healthcare & Wellness Trust by 11.3% in the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock worth $269,000 after purchasing an additional 2,880 shares during the last quarter. Uhlmann Price Securities LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 14.9% in the third quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock worth $318,000 after purchasing an additional 4,531 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of The Gabelli Healthcare & Wellness Trust by 83.9% during the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after acquiring an additional 14,132 shares during the period. International Assets Investment Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth approximately $77,000. Finally, Gamco Investors INC. ET AL increased its position in shares of The Gabelli Healthcare & Wellness Trust by 9.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,296,000 after acquiring an additional 30,000 shares during the period.

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.