Closed End Fund Advisors Inc. Takes Position in abrdn Healthcare Investors $HQH

Closed End Fund Advisors Inc. purchased a new stake in shares of abrdn Healthcare Investors (NYSE:HQH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 39,603 shares of the financial services provider’s stock, valued at approximately $750,000. Closed End Fund Advisors Inc. owned about 0.07% of abrdn Healthcare Investors at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HQH. Geneos Wealth Management Inc. lifted its holdings in shares of abrdn Healthcare Investors by 9,232.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider’s stock valued at $45,000 after buying an additional 2,862 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of abrdn Healthcare Investors during the 4th quarter valued at about $48,000. Advisory Services Network LLC acquired a new stake in shares of abrdn Healthcare Investors during the 3rd quarter valued at about $97,000. Global Retirement Partners LLC acquired a new stake in shares of abrdn Healthcare Investors during the 4th quarter valued at about $106,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of abrdn Healthcare Investors during the 4th quarter valued at about $107,000. 32.60% of the stock is currently owned by institutional investors and hedge funds.

abrdn Healthcare Investors Trading Down 0.8%

Shares of abrdn Healthcare Investors stock opened at $19.11 on Friday. abrdn Healthcare Investors has a 52-week low of $15.09 and a 52-week high of $20.46. The stock has a 50-day simple moving average of $19.34 and a 200-day simple moving average of $19.13.

abrdn Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, May 21st will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 12.8%. The ex-dividend date is Thursday, May 21st.

abrdn Healthcare Investors 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.