Raymond James Financial Inc. bought a new position in Abrdn Healthcare Investors (NYSE:HQH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 937,656 shares of the financial services provider's stock, valued at approximately $15,049,000. Raymond James Financial Inc. owned about 1.85% of Abrdn Healthcare Investors at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its stake in shares of Abrdn Healthcare Investors by 20.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,358 shares of the financial services provider's stock valued at $359,000 after purchasing an additional 3,737 shares during the period. Oppenheimer & Co. Inc. grew its stake in Abrdn Healthcare Investors by 94.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider's stock worth $2,797,000 after acquiring an additional 84,731 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Abrdn Healthcare Investors during the fourth quarter worth approximately $2,196,000. Stratos Wealth Partners LTD. bought a new stake in shares of Abrdn Healthcare Investors during the fourth quarter valued at approximately $187,000. Finally, Absolute Investment Advisers LLC bought a new stake in shares of Abrdn Healthcare Investors during the fourth quarter valued at approximately $1,786,000. 32.60% of the stock is owned by hedge funds and other institutional investors.
Abrdn Healthcare Investors Stock Down 0.2 %
NYSE:HQH traded down $0.03 during midday trading on Wednesday, hitting $16.68. The stock had a trading volume of 141,722 shares, compared to its average volume of 177,848. The stock has a 50-day moving average of $17.34 and a 200 day moving average of $17.69. Abrdn Healthcare Investors has a one year low of $15.76 and a one year high of $19.79.
Abrdn Healthcare Investors Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a dividend yield of 13.67%.
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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