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Saba capital management acquires Gabelli healthcare stock for $198,773

Published 12/19/2024, 09:22 PM
GRX
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NEW YORK—Saba Capital Management, L.P., a prominent investment firm led by Boaz Weinstein, recently acquired shares of Gabelli Healthcare & WellnessRx Trust (NYSE:GRX). According to a recent SEC filing, Saba Capital purchased 20,408 shares at a price of $9.74 per share, totaling approximately $198,773. This transaction increases their stake to 1,911,034 shares in the $151.37 million market cap trust. The acquisition reflects Saba Capital's ongoing interest in the healthcare and wellness sector. InvestingPro subscribers can access 5 additional key insights about GRX's valuation and financial health metrics to better understand this investment move.

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