Penserra Capital Management LLC Invests $16.15 Million in Abrdn Healthcare Investors (NYSE:HQH)

Penserra Capital Management LLC purchased a new position in shares of Abrdn Healthcare Investors (NYSE:HQH) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 867,129 shares of the financial services provider’s stock, valued at approximately $16,145,000.

A number of other hedge funds have also made changes to their positions in HQH. Northwest Investment Counselors LLC acquired a new position in Abrdn Healthcare Investors in the third quarter worth $57,000. EverSource Wealth Advisors LLC acquired a new position in Abrdn Healthcare Investors in the second quarter worth $93,000. Rothschild Investment LLC acquired a new position in Abrdn Healthcare Investors in the second quarter worth $101,000. Teamwork Financial Advisors LLC acquired a new position in Abrdn Healthcare Investors in the third quarter worth $201,000. Finally, Truist Financial Corp boosted its holdings in Abrdn Healthcare Investors by 11.9% in the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 1,355 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Up 0.4 %

Abrdn Healthcare Investors stock opened at $17.25 on Friday. The company has a fifty day moving average price of $18.36 and a two-hundred day moving average price 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. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.62 per share. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, November 21st. This represents a $2.48 annualized dividend and a dividend yield of 14.38%.

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.