Advisors Asset Management Inc. Purchases 47,518 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Advisors Asset Management Inc. raised its stake in shares of Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 36.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,820 shares of the financial services provider's stock after buying an additional 47,518 shares during the quarter. Advisors Asset Management Inc. owned about 0.35% of Abrdn Healthcare Investors worth $3,311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ashton Thomas Securities LLC boosted its position in shares of Abrdn Healthcare Investors by 3.1% in the third 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 period. Private Advisor Group LLC boosted its holdings in Abrdn Healthcare Investors by 3.1% in the 2nd 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 period. Sage Capital Advisors llc grew its position in shares of 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 valued at $535,000 after purchasing an additional 1,289 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Abrdn Healthcare Investors by 11.9% in the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider's stock worth $222,000 after purchasing an additional 1,355 shares during the period. Finally, Raymond James & Associates grew its position in Abrdn Healthcare Investors by 0.9% during the second quarter. Raymond James & Associates now owns 197,587 shares of the financial services provider's stock worth $3,450,000 after buying an additional 1,847 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Stock Performance

Shares of NYSE:HQH traded up $0.07 on Friday, hitting $17.25. The company's stock had a trading volume of 231,817 shares, compared to its average volume of 172,798. The company has a 50-day simple moving average of $18.36 and a 200 day simple moving average of $18.08. Abrdn Healthcare Investors has a 1 year low of $14.58 and a 1 year high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be paid a $0.62 dividend. This is an increase from Abrdn Healthcare Investors's previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 14.38%. The ex-dividend date is Thursday, November 21st.

About Abrdn Healthcare Investors

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.