LPL Financial LLC Grows Stake in Abrdn Healthcare Investors (NYSE:HQH)

LPL Financial LLC raised its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 65.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,020 shares of the financial services provider's stock after acquiring an additional 111,383 shares during the quarter. LPL Financial LLC owned approximately 0.56% of Abrdn Healthcare Investors worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of HQH. Raymond James Financial Inc. bought a new stake in Abrdn Healthcare Investors during the fourth quarter valued at about $15,049,000. Wolverine Asset Management LLC purchased a new position in shares of Abrdn Healthcare Investors during the 4th quarter valued at about $2,196,000. Absolute Investment Advisers LLC bought a new position in shares of Abrdn Healthcare Investors during the 4th quarter valued at approximately $1,786,000. Oppenheimer & Co. Inc. grew its stake in shares of Abrdn Healthcare Investors by 94.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider's stock valued at $2,797,000 after acquiring an additional 84,731 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Abrdn Healthcare Investors by 16.9% in the 4th quarter. Advisors Asset Management Inc. now owns 207,797 shares of the financial services provider's stock worth $3,335,000 after acquiring an additional 29,977 shares in the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Price Performance

NYSE:HQH traded up $0.05 during trading hours on Tuesday, hitting $15.17. 48,343 shares of the stock traded hands, compared to its average volume of 212,855. Abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $19.79. The stock has a 50 day moving average price of $16.61 and a 200 day moving average price of $17.24.

Abrdn Healthcare Investors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 21st were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 15.03%. The ex-dividend date of this dividend was Friday, February 21st.

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.