Advisors Asset Management Inc. Has $3.34 Million Stock Position in Abrdn Healthcare Investors (NYSE:HQH)

Advisors Asset Management Inc. increased its position in shares of Abrdn Healthcare Investors (NYSE:HQH) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,797 shares of the financial services provider’s stock after purchasing an additional 29,977 shares during the quarter. Advisors Asset Management Inc.’s holdings in Abrdn Healthcare Investors were worth $3,335,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of Abrdn Healthcare Investors during the 3rd quarter worth about $46,000. Wolverine Asset Management LLC acquired a new stake in shares of Abrdn Healthcare Investors during the 4th quarter worth about $2,196,000. Steward Partners Investment Advisory LLC increased its position in shares of Abrdn Healthcare Investors by 20.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,358 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 3,737 shares in the last quarter. Absolute Investment Advisers LLC acquired a new stake in Abrdn Healthcare Investors in the 4th quarter valued at about $1,786,000. Finally, Raymond James Financial Inc. acquired a new stake in Abrdn Healthcare Investors in the 4th quarter valued at about $15,049,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Performance

HQH opened at $16.70 on Friday. Abrdn Healthcare Investors has a 1-year low of $15.76 and a 1-year high of $19.79. The firm has a 50-day moving average price of $17.34 and a two-hundred day moving average price of $17.66.

Abrdn Healthcare Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 13.66%. The ex-dividend date is Friday, February 21st.

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.