UBS Group AG Reduces Position in abrdn Healthcare Investors $HQH

UBS Group AG cut its holdings in shares of abrdn Healthcare Investors (NYSE:HQH) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,182 shares of the financial services provider’s stock after selling 34,669 shares during the period. UBS Group AG’s holdings in abrdn Healthcare Investors were worth $2,352,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Shaker Financial Services LLC purchased a new stake in shares of abrdn Healthcare Investors during the fourth quarter valued at $408,000. Vista Investment Partners II LLC boosted its position in shares of abrdn Healthcare Investors by 17.4% during the fourth quarter. Vista Investment Partners II LLC now owns 13,154 shares of the financial services provider’s stock valued at $249,000 after buying an additional 1,950 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of abrdn Healthcare Investors during the fourth quarter valued at $48,000. Uhlmann Price Securities LLC boosted its position in shares of abrdn Healthcare Investors by 3.1% during the fourth quarter. Uhlmann Price Securities LLC now owns 25,711 shares of the financial services provider’s stock valued at $487,000 after buying an additional 781 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of abrdn Healthcare Investors during the third quarter valued at $97,000. 32.60% of the stock is owned by hedge funds and other institutional investors.

abrdn Healthcare Investors Stock Up 0.6%

abrdn Healthcare Investors stock opened at $19.47 on Thursday. abrdn Healthcare Investors has a one year low of $15.09 and a one year high of $20.46. The business’s fifty day moving average is $19.15 and its 200 day moving average is $19.08.

abrdn Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, May 21st will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend is Thursday, May 21st.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.