Split History
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Gabelli Healthcare and Wellness Trust (GRX) has 1 split in our GRX split history database. The split for GRX took place on May 30, 2014. This was a 1035 for 1000 split, meaning for each 1000 shares of GRX owned pre-split, the shareholder now owned 1035 shares. For example, a 1000 share position pre-split, became a 1035 share position following the split.
When a company such as Gabelli Healthcare and Wellness Trust splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the GRX split history from start to finish, an original position size of 1000 shares would have turned into 1035 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gabelli Healthcare and Wellness Trust shares, starting with a $10,000 purchase of GRX, presented on a split-history-adjusted basis factoring in the complete GRX split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $9.90 | ||
| End price/share: | $9.58 | ||
| Starting shares: | 1,010.10 | ||
| Ending shares: | 1,779.16 | ||
| Dividends reinvested/share: | $6.02 | ||
| Total return: | 70.44% | ||
| Average Annual Total Return: | 5.48% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $17,046.60 | ||
| Years: | 10.00 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $9.90 | ||
| End price/share: | $9.58 | ||
| Dividends collected/share: | $6.02 | ||
| Total return: | 57.58% | ||
| Average Annual Total Return: | 4.65% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $15,752.09 | ||
| Years: | 10.00 | ||
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| About Gabelli Healthcare and Wellness Trust |
| The Gabelli Healthcare & WellnessRx Trust is registered as a diversified closed-end management investment company. The Fund's investment objective is long term growth of capital. According to our GRX split history records, Gabelli Healthcare and Wellness Trust has had 1 split. |
| GRX Split History Table | |
| Date | Ratio |
| 05/30/2014 | 1035 for 1000 |
| Financials Stock Splits |
| GRX is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
GSBC Split History
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