Advisors Asset Management Inc. Has $2.14 Million Stake in Abrdn Healthcare Investors (NYSE:HQH)

Advisors Asset Management Inc. trimmed its position in Abrdn Healthcare Investors (NYSE:HQH) by 12.9% during the first quarter, HoldingsChannel.com reports. The firm owned 127,095 shares of the financial services provider’s stock after selling 18,803 shares during the quarter. Advisors Asset Management Inc.’s holdings in Abrdn Healthcare Investors were worth $2,143,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HQH. Northwest Investment Counselors LLC bought a new stake in Abrdn Healthcare Investors during the first quarter worth about $51,000. Blue Bell Private Wealth Management LLC raised its stake in Abrdn Healthcare Investors by 76.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 10,420 shares of the financial services provider’s stock valued at $173,000 after buying an additional 4,520 shares during the period. Milestone Asset Management LLC bought a new stake in Abrdn Healthcare Investors in the fourth quarter valued at approximately $212,000. Apollon Wealth Management LLC raised its stake in Abrdn Healthcare Investors by 32.5% in the fourth quarter. Apollon Wealth Management LLC now owns 14,697 shares of the financial services provider’s stock valued at $244,000 after buying an additional 3,607 shares during the period. Finally, Capital Investment Advisory Services LLC grew its position in shares of Abrdn Healthcare Investors by 6.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 16,238 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 1,000 shares during the last quarter. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Price Performance

Abrdn Healthcare Investors stock opened at $18.63 on Friday. Abrdn Healthcare Investors has a 12 month low of $14.31 and a 12 month high of $18.97. The stock’s 50 day moving average is $17.44 and its 200-day moving average is $17.05.

Abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 23rd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 12.67%. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.48.

Abrdn Healthcare Investors Company 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.