Prevail Innovative Wealth Advisors LLC Makes New $590,000 Investment in Abrdn Healthcare Investors (NYSE:HQH)

Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Abrdn Healthcare Investors (NYSE:HQH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,787 shares of the financial services provider's stock, valued at approximately $590,000. Prevail Innovative Wealth Advisors LLC owned 0.07% of Abrdn Healthcare Investors at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. bought a new stake in Abrdn Healthcare Investors during the third quarter worth about $261,000. HighTower Advisors LLC grew its position in shares of Abrdn Healthcare Investors by 13.8% during the 3rd quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider's stock worth $493,000 after buying an additional 3,220 shares during the period. Needham Investment Management LLC raised its holdings in Abrdn Healthcare Investors by 3.1% in the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider's stock worth $4,750,000 after purchasing an additional 7,729 shares during the period. Stifel Financial Corp bought a new position in shares of Abrdn Healthcare Investors during the 3rd quarter valued at about $188,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of Abrdn Healthcare Investors during the third quarter worth $66,000. 32.60% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Trading Down 5.9 %

HQH traded down $0.93 during trading on Friday, hitting $14.83. The company had a trading volume of 384,055 shares, compared to its average volume of 180,055. Abrdn Healthcare Investors has a one year low of $14.71 and a one year high of $19.79. The firm's 50-day moving average price is $17.16 and its 200 day moving average price is $17.48.

Abrdn Healthcare Investors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 21st were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 15.37%. The ex-dividend date of this dividend was Friday, February 21st.

Abrdn Healthcare Investors 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.