Kingswood Wealth Advisors LLC Increases Stake in Abrdn Healthcare Investors (NYSE:HQH)

Kingswood Wealth Advisors LLC grew its stake in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 63.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,531 shares of the financial services provider's stock after purchasing an additional 21,212 shares during the period. Kingswood Wealth Advisors LLC owned approximately 0.11% of Abrdn Healthcare Investors worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HQH. Truvestments Capital LLC purchased a new stake in shares of Abrdn Healthcare Investors during the 3rd quarter valued at approximately $46,000. International Assets Investment Management LLC acquired a new position in shares of Abrdn Healthcare Investors in the 3rd quarter valued at $682,000. Sanctuary Advisors LLC purchased a new position in shares of Abrdn Healthcare Investors during the 2nd quarter worth $939,000. Raymond James & Associates raised its holdings in Abrdn Healthcare Investors by 79.8% in the 3rd 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 period. Finally, Truist Financial Corp lifted its position in 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 valued at $222,000 after buying an additional 1,355 shares during the last quarter. Institutional investors and hedge funds own 32.60% of the company's stock.

Abrdn Healthcare Investors Trading Up 0.6 %

HQH stock traded up $0.10 during mid-day trading on Friday, hitting $18.14. 215,864 shares of the company were exchanged, compared to its average volume of 221,391. Abrdn Healthcare Investors has a 12-month low of $15.76 and a 12-month high of $19.79. The business has a fifty day simple moving average of $17.01 and a 200-day simple moving average of $18.02.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 21st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 13.67%. 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.

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.