Saba Capital Management, L.P., a notable investment firm, has increased its stake in Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) with recent purchases totaling $90,546. The acquisitions occurred over two days, with shares bought at prices ranging from $10.24 to $10.42 each.
On November 26, Saba Capital acquired 5,923 shares at $10.24 per share. This was followed by an additional purchase of 2,869 shares on November 27 at $10.42 per share. These transactions have brought the firm's total holdings in the trust to 1,884,161 shares. The stock has shown impressive performance, delivering a total return of 27% over the past year. InvestingPro analysis reveals several more key insights about GRX's financial health and market position, with the trust currently maintaining a "GREAT" overall financial health score.
The purchases were reported in a Form 4 filing with the Securities and Exchange Commission, reflecting the firm's ongoing interest in the healthcare and wellness sector. Saba Capital, managed by Boaz Weinstein, is known for its strategic investments and significant positions in various companies. For investors seeking deeper insights into GRX's valuation and growth prospects, InvestingPro offers additional exclusive tips and comprehensive financial metrics.
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