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Saba capital management acquires Gabelli healthcare shares worth $53,591

Published 02/12/2024, 23:30
Saba capital management acquires Gabelli healthcare shares worth $53,591
GRX
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Saba Capital Management, L.P., a significant shareholder in Gabelli Healthcare & WellnessRx Trust (NYSE:GRX), recently acquired additional shares in the company. According to a recent SEC filing, Saba Capital purchased 5,153 shares of Gabelli Healthcare on November 29, at a price of $10.40 per share, totaling approximately $53,591.

Following this transaction, Saba Capital's total ownership in the company increased to 1,889,314 shares. The acquisition reflects ongoing interest in Gabelli Healthcare by Saba Capital, led by Boaz Weinstein, who is also a reporting owner in the filing. With a market capitalization of $165.6 million, GRX generally trades with low price volatility according to InvestingPro analysis, which offers additional insights and metrics for investors seeking deeper analysis.

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