Saba Capital adds to Gabelli Healthcare & WellnessRx (GRX) stake
Rhea-AI Filing Summary
Gabelli Healthcare & WellnessRx Trust (GRX) had a Form 4 filed reporting that Saba Capital Management, L.P., a ten percent owner, purchased 24,102 shares of GRX common stock on 2026-08-19 at $10.13 per share in an open-market or private transaction. Following this buy, Saba’s indirectly held position is reported as 2,143,706 shares. The Rule 10b5-1 checkbox was not marked, indicating the trade was not reported as pursuant to a pre-arranged trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 24,102 shares
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
24,102 shs ($244K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 24,102 | $10.13 | $244K |
Holdings After Transaction:
Common Stock — 2,143,706 shares (Indirect, -)
Key Figures
Shares purchased: 24,102 shares
Purchase price per share: $10.13
Shares held after transaction: 2,143,706 shares
3 metrics
Shares purchased
24,102 shares
Common Stock acquired on 2026-08-19 in open-market or private transaction
Purchase price per share
$10.13
Per-share price for the 24,102 GRX shares purchased
Shares held after transaction
2,143,706 shares
Total indirect GRX common stock holdings reported following the purchase
Key Terms
ten percent owner, indirect ownership, open market or private transaction
3 terms
ten percent owner regulatory
"Saba Capital Management, L.P. is listed as a ten percent owner"
indirect ownership financial
"The transaction is reported with indirect ownership of the shares"
open market or private transaction financial
"Transaction code description notes a purchase in open market or private transaction"
FAQ
What insider transaction in GRX was reported by Saba Capital Management, L.P. on this Form 4?
Saba Capital Management, L.P. reported purchasing 24,102 shares of Gabelli Healthcare & WellnessRx Trust (GRX) common stock. The transaction occurred on 2026-08-19 and is classified as a purchase in an open-market or private transaction, indicating an increase in Saba’s indirect holdings.
Was Saba Capital Management’s GRX trade made under a Rule 10b5-1 trading plan?
The Form 4 indicates the trade was not under a Rule 10b5-1 plan. The document-level 10b5-1 checkbox is shown as unchecked, meaning the 24,102-share GRX purchase was not reported as executed pursuant to a pre-arranged trading plan.
Is Saba Capital Management, L.P. considered an insider or major holder of GRX?
Saba Capital Management, L.P. is identified as a ten percent owner of Gabelli Healthcare & WellnessRx Trust (GRX). Ten percent owners are treated as insiders for reporting purposes and must disclose changes in their ownership of GRX securities on Forms 3, 4, and 5.
AI-generated analysis. How Rhea-AI works. Not financial advice.