Penserra Capital Management LLC purchased a new position in Abrdn Healthcare Investors (NYSE:HQH - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 867,129 shares of the financial services provider's stock, valued at approximately $16,145,000. Penserra Capital Management LLC owned about 1.71% of Abrdn Healthcare Investors as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of HQH. Northwest Investment Counselors LLC bought a new position in shares of Abrdn Healthcare Investors during the 3rd quarter valued at approximately $57,000. EverSource Wealth Advisors LLC bought a new stake in shares of Abrdn Healthcare Investors in the 2nd quarter worth about $93,000. Rothschild Investment LLC purchased a new position in shares of Abrdn Healthcare Investors during the 2nd quarter worth about $101,000. Teamwork Financial Advisors LLC bought a new position in Abrdn Healthcare Investors during the 3rd quarter valued at about $201,000. Finally, Truist Financial Corp raised its position in Abrdn Healthcare Investors by 11.9% in the 2nd 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. Hedge funds and other institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Stock Up 0.4 %
Shares of NYSE:HQH traded up $0.07 during trading hours on Friday, hitting $17.25. 231,817 shares of the company's stock traded hands, compared to its average volume of 172,798. The business has a fifty day moving average price of $18.36 and a 200-day moving average price of $18.09. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be paid a $0.62 dividend. This is a positive change from Abrdn Healthcare Investors's previous quarterly dividend of $0.59. The ex-dividend date is Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a yield of 14.38%.
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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