BofA update shows where active managers are putting money
Saba Capital Management, L.P., a notable investment firm, recently acquired additional shares of Gabelli Healthcare & WellnessRx Trust (NYSE:GRX). According to a recent SEC filing, the firm purchased 13,156 shares of the company's common stock on April 4, 2025, at a price of $9.62 per share. This transaction amounted to a total investment of $126,560.
Following this acquisition, Saba Capital Management now holds a total of 1,969,644 shares in the trust. This move further solidifies the firm's position as a significant stakeholder, maintaining its status as a ten percent owner in the healthcare and wellness-focused investment trust, which currently has a market capitalization of $145.5 million. InvestingPro analysis reveals the stock typically trades with low price volatility, making it potentially attractive for stability-focused investors.
The transaction was executed under the guidance of Boaz Weinstein, who is associated with Saba Capital Management. The firm operates out of New York and is known for its strategic investment decisions in various sectors, including healthcare and wellness. The trust has shown modest performance with a 2.95% total return over the past year. Discover more detailed financial metrics and 4 additional exclusive insights with InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.