Abrdn Healthcare Investors (NYSE:HQH) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH) by 36.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 177,820 shares of the financial services provider’s stock after buying an additional 47,518 shares during the period. Advisors Asset Management Inc.’s holdings in Abrdn Healthcare Investors were worth $3,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HQH. Raymond James & Associates increased its holdings in Abrdn Healthcare Investors by 79.8% in the 3rd quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock worth $6,614,000 after acquiring an additional 157,618 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Abrdn Healthcare Investors by 46.8% during the first quarter. Cetera Investment Advisers now owns 177,208 shares of the financial services provider’s stock worth $2,988,000 after purchasing an additional 56,521 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Abrdn Healthcare Investors during the 1st quarter worth about $1,974,000. B. Riley Wealth Advisors Inc. raised its position in shares of Abrdn Healthcare Investors by 28.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 90,160 shares of the financial services provider’s stock worth $1,576,000 after purchasing an additional 19,719 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Abrdn Healthcare Investors by 27.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 89,537 shares of the financial services provider’s stock valued at $1,667,000 after buying an additional 19,008 shares in the last quarter. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Trading Up 0.3 %

NYSE:HQH opened at $17.24 on Friday. The stock has a 50 day moving average of $18.39 and a two-hundred day moving average of $18.08. Abrdn Healthcare Investors has a 12 month low of $14.58 and a 12 month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 14.39%. This is a boost from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, November 21st.

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.