Brown Brothers Harriman & Co. Purchases New Holdings in Abrdn Healthcare Investors (NYSE:HQH)

Brown Brothers Harriman & Co. acquired a new position in shares of Abrdn Healthcare Investors (NYSE:HQH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the financial services provider’s stock, valued at approximately $48,000.

Other large investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. increased its stake in shares of Abrdn Healthcare Investors by 7.2% in the 4th quarter. Atomi Financial Group Inc. now owns 24,920 shares of the financial services provider’s stock valued at $400,000 after buying an additional 1,680 shares during the period. Millstone Evans Group LLC acquired a new stake in Abrdn Healthcare Investors in the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in Abrdn Healthcare Investors during the 4th quarter worth about $48,000. HighTower Advisors LLC lifted its position in Abrdn Healthcare Investors by 13.8% during the 3rd quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 3,220 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its position in Abrdn Healthcare Investors by 10.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 35,942 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 3,274 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Performance

Shares of NYSE:HQH opened at $15.85 on Thursday. The company has a 50 day moving average of $17.25 and a 200-day moving average of $17.52. Abrdn Healthcare Investors has a one year low of $15.73 and a one year high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 21st were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 14.38%. The ex-dividend date of this dividend was Friday, February 21st.

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.