Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
19 June 2007Website:
http://www.gabelli.comNext earnings report:
N/ALast dividends:
16 September 2024Next dividends:
13 December 2024Price
after hours | Wed, 20 Nov 2024 22:39:46 GMTAnalysts recommendations
Institutional Ownership
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GRX Latest News
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on December 20, 2024 to common shareholders of record on December 13, 2024.
Gabelli Healthcare & Wellness Trust (GRX) is a closed-end fund with a significant discount and historically has underperformed its peers. GRX's discount could potentially be realized as Saba Capital Management has grown its stake in the fund this year. Typically, a distribution increase is the main go-to tool, but tender offers or mergers are also an option.
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on September 23, 2024 to common shareholders of record on September 16, 2024.
The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust announced a cash distribution of $0.15 per share for common shareholders of record on June 13, 2024, payable on June 21, 2024.
The Gabelli Healthcare & WellnessRx Trust is an underperforming equity closed-end fund (CEF) focused on healthcare stocks. GRX has a -19% discount to net asset value, but has traded at very substantial discounts for the past five years. The fund employs a 27% leverage ratio, which has hampered its performance in 2023.
The Gabelli Healthcare & Wellness Rx Trust seeks to provide capital gains and income from a portfolio of healthcare and wellness-focused stocks. The fund pays an attractive 6.1% distribution yield that is well funded by its long-term 5-7% total returns. However, compared to peer funds, the GRX fund has much higher expenses, lower total returns, and higher portfolio volatility. I would personally seek healthcare exposure elsewhere.
What type of business is Gabelli Healthcare & Wellness Trust?
The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector. It invests in stocks of companies across all market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Index, S&P 500 Consumer Staples Index, and S&P 500 Health Care Index. The Gabelli Healthcare & Wellness Trust was formed on February 20, 2007 and is domiciled in the United States.
What sector is Gabelli Healthcare & Wellness Trust in?
Gabelli Healthcare & Wellness Trust is in the Financial Services sector
What industry is Gabelli Healthcare & Wellness Trust in?
Gabelli Healthcare & Wellness Trust is in the Asset Management industry
What country is Gabelli Healthcare & Wellness Trust from?
Gabelli Healthcare & Wellness Trust is headquartered in United States
When did Gabelli Healthcare & Wellness Trust go public?
Gabelli Healthcare & Wellness Trust initial public offering (IPO) was on 19 June 2007
What is Gabelli Healthcare & Wellness Trust website?
https://www.gabelli.com/Template/fundinfo.cfm?tid=MTNlMzU=&bid=ZDg2&mid=NWRiNDg=&num=MzM0MGQ=&kid=NTA4NzQ=&pid=obj&rid=811-=edoc_dnuf
Is Gabelli Healthcare & Wellness Trust in the S&P 500?
No, Gabelli Healthcare & Wellness Trust is not included in the S&P 500 index
Is Gabelli Healthcare & Wellness Trust in the NASDAQ 100?
No, Gabelli Healthcare & Wellness Trust is not included in the NASDAQ 100 index
Is Gabelli Healthcare & Wellness Trust in the Dow Jones?
No, Gabelli Healthcare & Wellness Trust is not included in the Dow Jones index
When was Gabelli Healthcare & Wellness Trust the previous earnings report?
No data
When does Gabelli Healthcare & Wellness Trust earnings report?
Next earnings report date is not announced yet