Gabelli Healthcare & Wellness Rx Trust (NYSE:GRX), watched as one of it’s top level members rose his holdings with the company. James P. Conn acquired 37,309 shares at an average price of $9 per share. Following this transaction, Conn now has 95,517 shares directly invested into Gabelli Healthcare & Wellness Rx Trust (NYSE:GRX).
A $156.18 million market cap corporation, the Gabelli Healthcare and WellnessRx Trust (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is long-term growth of capital.
Because it acts itself as an investment trust, this company does not have the normal amount of hedge fund involvement. However, there is one that has a large amount of holdings with Gabelli Healthcare & Wellness Rx Trust (NYSE:GRX). Gamco Investors, the hedge fund run by Mario Gabelli, saw an increase in it’s activity last quarter by 1%, and now has 161,305 shares worth about 1.6 million invested in the corporation.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.