Advisors Asset Management Inc. lifted its stake in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,797 shares of the financial services provider's stock after buying an additional 29,977 shares during the period. Advisors Asset Management Inc. owned approximately 0.41% of Abrdn Healthcare Investors worth $3,335,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Truvestments Capital LLC acquired a new position in Abrdn Healthcare Investors in the 3rd quarter worth $46,000. FNY Investment Advisers LLC acquired a new position in shares of Abrdn Healthcare Investors in the fourth quarter worth about $48,000. TD Private Client Wealth LLC acquired a new position in shares of Abrdn Healthcare Investors in the third quarter worth about $66,000. Wealthfront Advisers LLC purchased a new position in Abrdn Healthcare Investors in the fourth quarter valued at about $118,000. Finally, Stifel Financial Corp acquired a new stake in Abrdn Healthcare Investors during the 3rd quarter valued at approximately $188,000. Institutional investors and hedge funds own 32.60% of the company's stock.
Abrdn Healthcare Investors Stock Performance
Shares of HQH traded up $0.06 during trading on Wednesday, reaching $16.57. The company's stock had a trading volume of 152,880 shares, compared to its average volume of 177,904. The company has a fifty day moving average of $17.34 and a two-hundred day moving average of $17.62. Abrdn Healthcare Investors has a twelve month low of $15.76 and a twelve month high of $19.79.
Abrdn Healthcare Investors Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be issued a $0.57 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a yield of 13.76%.
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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