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Gabelli invests over $41,000 in Gabelli Healthcare & WellnessRx trust

Published 17/12/2024, 08:14 am
GRX
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Mario J. Gabelli, a director and control person of Gabelli Healthcare & WellnessRx Trust (NYSE:GRX), has made notable investments in the company. According to a recent SEC filing, Gabelli purchased a total of 4,000 common shares over two consecutive days. On December 12, he acquired 3,456 shares at $10.30 each, and on December 13, he bought an additional 544 shares at $10.12 each. These transactions amounted to a total investment of $41,102.

Following these purchases, Gabelli's direct ownership in the company increased to 225,872 shares. Additionally, he holds indirect interests through various entities, including GGCP, Inc., Associated Capital Group (NYSE:AC), Inc., GPJ Retirement Partners, and a trust account, totaling an additional 328,606 shares. Gabelli has disclosed that he does not claim full beneficial ownership of the shares held by these entities beyond his indirect pecuniary interest. The company, with a market capitalization of $158.64 million, maintains a "GREAT" financial health score according to InvestingPro, which offers additional insights and analysis tools for investors.

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