Absolute Investment Advisers LLC bought a new position in Abrdn Healthcare Investors (NYSE:HQH - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 111,297 shares of the financial services provider's stock, valued at approximately $1,786,000. Absolute Investment Advisers LLC owned 0.22% of Abrdn Healthcare Investors at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp increased its holdings in shares of Abrdn Healthcare Investors by 11.9% in the 2nd quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 1,355 shares during the period. Sanctuary Advisors LLC bought a new stake in Abrdn Healthcare Investors during the second quarter valued at about $939,000. Sage Capital Advisors llc grew its stake in Abrdn Healthcare Investors by 4.7% in the third quarter. Sage Capital Advisors llc now owns 28,733 shares of the financial services provider's stock valued at $535,000 after purchasing an additional 1,289 shares during the last quarter. Teamwork Financial Advisors LLC bought a new position in Abrdn Healthcare Investors in the third quarter worth about $201,000. Finally, Raymond James & Associates lifted its position in shares of Abrdn Healthcare Investors by 79.8% during the third quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider's stock valued at $6,614,000 after buying an additional 157,618 shares during the last quarter. Institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Stock Down 0.7 %
Shares of Abrdn Healthcare Investors stock traded down $0.12 on Thursday, reaching $18.15. The stock had a trading volume of 172,302 shares, compared to its average volume of 236,375. The company has a 50 day moving average price of $17.05 and a 200 day moving average price of $18.01. Abrdn Healthcare Investors has a 1 year low of $15.76 and a 1 year high of $19.79.
Abrdn Healthcare Investors Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 21st were issued a $0.62 dividend. This is a positive change from Abrdn Healthcare Investors's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 13.66%. The ex-dividend date of this dividend was Thursday, November 21st.
Abrdn Healthcare Investors Company Profile
(
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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