Abrdn Healthcare Investors (NYSE:HQH) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 54.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,700 shares of the financial services provider's stock after selling 49,460 shares during the period. B. Riley Wealth Advisors Inc. owned 0.08% of Abrdn Healthcare Investors worth $755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HQH. Ashton Thomas Securities LLC boosted its holdings in shares of Abrdn Healthcare Investors by 3.1% in the 3rd quarter. Ashton Thomas Securities LLC now owns 25,121 shares of the financial services provider's stock valued at $468,000 after acquiring an additional 754 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Abrdn Healthcare Investors by 3.1% in the second quarter. Private Advisor Group LLC now owns 37,448 shares of the financial services provider's stock valued at $654,000 after purchasing an additional 1,140 shares during the last quarter. Sage Capital Advisors llc grew its position in Abrdn Healthcare Investors by 4.7% during the 3rd quarter. Sage Capital Advisors llc now owns 28,733 shares of the financial services provider's stock worth $535,000 after purchasing an additional 1,289 shares during the period. Truist Financial Corp raised its stake in shares of Abrdn Healthcare Investors by 11.9% during the 2nd quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider's stock valued at $222,000 after buying an additional 1,355 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Abrdn Healthcare Investors by 0.9% in the 2nd quarter. Raymond James & Associates now owns 197,587 shares of the financial services provider's stock valued at $3,450,000 after buying an additional 1,847 shares during the period. 32.60% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Stock Down 1.7 %

Shares of HQH traded down $0.27 during mid-day trading on Thursday, reaching $16.03. The company had a trading volume of 507,064 shares, compared to its average volume of 166,584. The stock has a 50 day moving average of $17.87 and a two-hundred day moving average of $18.13. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.62 per share. This is a boost from Abrdn Healthcare Investors's previous quarterly dividend of $0.59. The ex-dividend date is Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 15.47%.

Abrdn Healthcare Investors Company Profile

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.