Cyndeo Wealth Partners LLC lessened its stake in shares of Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,308 shares of the financial services provider's stock after selling 25,586 shares during the quarter. Cyndeo Wealth Partners LLC owned about 0.08% of Abrdn Healthcare Investors worth $615,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Abrdn Healthcare Investors during the third quarter valued at $46,000. FNY Investment Advisers LLC acquired a new position in shares of Abrdn Healthcare Investors in the fourth quarter valued at approximately $48,000. Northwest Investment Counselors LLC purchased a new position in shares of Abrdn Healthcare Investors during the third quarter valued at approximately $57,000. TD Private Client Wealth LLC acquired a new stake in Abrdn Healthcare Investors during the third quarter worth approximately $66,000. Finally, Stifel Financial Corp acquired a new stake in shares of Abrdn Healthcare Investors during the third quarter worth $188,000. Hedge funds and other institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Stock Up 1.1 %
Abrdn Healthcare Investors stock traded up $0.19 during mid-day trading on Friday, hitting $17.75. The company's stock had a trading volume of 277,122 shares, compared to its average volume of 238,876. The firm's 50 day moving average is $16.96 and its 200 day moving average is $18.03. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, November 21st. 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 dividend yield of 13.97%.
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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