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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.38 and traded as high as $9.80. The Gabelli Healthcare & Wellness Trust shares last traded at $9.7650, with a volume of 11,151 shares.

The Gabelli Healthcare & Wellness Trust Trading Up 0.6%

The firm’s fifty day simple moving average is $9.38 and its 200 day simple moving average is $9.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust during the first quarter worth $33,000. International Assets Investment Management LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the 4th quarter worth $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the first quarter valued at $90,000. Closed End Fund Advisors Inc. bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $113,000. Finally, Private Advisor Group LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 25.2% in 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.

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.