Raymond James Financial Inc. bought a new position in shares of Abrdn Healthcare Investors (NYSE:HQH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 937,656 shares of the financial services provider's stock, valued at approximately $15,049,000. Raymond James Financial Inc. owned approximately 1.85% of Abrdn Healthcare Investors at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Abrdn Healthcare Investors by 6.7% during the fourth quarter. Invesco Ltd. now owns 29,983 shares of the financial services provider's stock worth $481,000 after acquiring an additional 1,884 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Abrdn Healthcare Investors during the fourth quarter valued at approximately $573,000. Prevail Innovative Wealth Advisors LLC bought a new stake in Abrdn Healthcare Investors during the fourth quarter worth approximately $590,000. Brown Brothers Harriman & Co. acquired a new position in Abrdn Healthcare Investors in the fourth quarter worth approximately $48,000. Finally, LPL Financial LLC increased its holdings in shares of Abrdn Healthcare Investors by 65.3% in the fourth quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider's stock valued at $4,526,000 after buying an additional 111,383 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors and hedge funds.
Abrdn Healthcare Investors Stock Performance
Shares of NYSE HQH traded up $0.39 during mid-day trading on Wednesday, reaching $15.77. The company had a trading volume of 238,171 shares, compared to its average volume of 184,859. The company has a 50-day moving average price of $16.29 and a two-hundred day moving average price of $17.11. Abrdn Healthcare Investors has a 1-year low of $13.77 and a 1-year high of $19.79.
Abrdn Healthcare Investors Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 21st were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 14.46%. The ex-dividend date of this dividend was Friday, February 21st.
About Abrdn Healthcare Investors
(
Free Report)
Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.
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