Advisors Asset Management Inc. Reduces Position in Abrdn Healthcare Investors (NYSE:HQH)

Advisors Asset Management Inc. lessened its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,095 shares of the financial services provider’s stock after selling 18,803 shares during the period. Advisors Asset Management Inc. owned about 0.25% of Abrdn Healthcare Investors worth $2,143,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HQH. Raymond James Financial Services Advisors Inc. boosted its position in shares of Abrdn Healthcare Investors by 5.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 252,971 shares of the financial services provider’s stock valued at $4,192,000 after buying an additional 13,816 shares during the period. Claro Advisors LLC boosted its holdings 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 valued at $421,000 after purchasing an additional 3,745 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at approximately $212,000. International Assets Investment Management LLC boosted its holdings in shares of Abrdn Healthcare Investors by 1,108.9% in 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 purchasing an additional 34,332 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Abrdn Healthcare Investors by 76.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 10,420 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 4,520 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Performance

Shares of NYSE HQH opened at $18.63 on Friday. The stock has a 50 day moving average price of $17.44 and a 200 day moving average price of $17.05. Abrdn Healthcare Investors has a 52-week low of $14.31 and a 52-week high of $18.97.

Abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd were given a dividend of $0.59 per share. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.48. This represents a $2.36 annualized dividend and a yield of 12.67%. The ex-dividend date of this dividend was Wednesday, May 22nd.

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.