Insider Buying: Abrdn Healthcare Investors (NYSE:HQH) Director Purchases 1,000 Shares of Stock

Abrdn Healthcare Investors (NYSE:HQH) Director Rose Dimartino bought 1,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were bought at an average cost of $18.88 per share, for a total transaction of $18,880.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $18,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Abrdn Healthcare Investors Price Performance

Shares of HQH opened at $18.57 on Friday. The business’s 50-day moving average price is $17.32 and its 200 day moving average price is $17.00. Abrdn Healthcare Investors has a 1-year low of $14.31 and a 1-year high of $18.97.

Abrdn Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 12.71%. This is a boost from Abrdn Healthcare Investors’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, May 22nd.

Institutional Investors Weigh In On Abrdn Healthcare Investors

A number of large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its position in Abrdn Healthcare Investors by 5.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 252,971 shares of the financial services provider’s stock worth $4,192,000 after purchasing an additional 13,816 shares in the last quarter. Claro Advisors LLC boosted its position in shares of Abrdn Healthcare Investors by 17.3% in the fourth quarter. Claro Advisors LLC now owns 25,414 shares of the financial services provider’s stock worth $421,000 after buying an additional 3,745 shares during the period. Milestone Asset Management LLC purchased a new position in shares of Abrdn Healthcare Investors during the fourth quarter valued at $212,000. International Assets Investment Management LLC raised its position in Abrdn Healthcare Investors by 1,108.9% during the fourth quarter. International Assets Investment Management LLC now owns 37,428 shares of the financial services provider’s stock valued at $620,000 after buying an additional 34,332 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Abrdn Healthcare Investors by 76.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,420 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,520 shares in the last quarter. Institutional investors and hedge funds own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

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.