Abrdn Healthcare Investors (NYSE:HQH) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Abrdn Healthcare Investors (NYSE:HQH) by 1,108.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,428 shares of the financial services provider’s stock after acquiring an additional 34,332 shares during the quarter. International Assets Investment Management LLC’s holdings in Abrdn Healthcare Investors were worth $620,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HQH. Cornerstone Advisors LLC boosted its stake in shares of Abrdn Healthcare Investors by 54.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 439,379 shares of the financial services provider’s stock valued at $6,832,000 after buying an additional 154,220 shares during the period. RPO LLC lifted its stake in Abrdn Healthcare Investors by 47.3% during the third quarter. RPO LLC now owns 376,791 shares of the financial services provider’s stock worth $5,859,000 after purchasing an additional 121,018 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Abrdn Healthcare Investors by 36.5% during the third quarter. Wolverine Asset Management LLC now owns 355,201 shares of the financial services provider’s stock worth $5,523,000 after purchasing an additional 95,038 shares during the last quarter. AQR Arbitrage LLC lifted its stake in Abrdn Healthcare Investors by 125.7% during the third quarter. AQR Arbitrage LLC now owns 319,150 shares of the financial services provider’s stock worth $4,963,000 after purchasing an additional 177,748 shares during the last quarter. Finally, Saba Capital Management L.P. lifted its stake in Abrdn Healthcare Investors by 131.3% during the third quarter. Saba Capital Management L.P. now owns 296,637 shares of the financial services provider’s stock worth $4,613,000 after purchasing an additional 168,402 shares during the last quarter. 32.60% of the stock is owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Stock Performance

HQH stock opened at $16.13 on Thursday. The business has a 50 day moving average price of $16.66 and a 200 day moving average price of $16.24. Abrdn Healthcare Investors has a fifty-two week low of $14.31 and a fifty-two week high of $17.73.

Abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 22nd were paid a $0.48 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.92 dividend on an annualized basis and a yield of 11.90%. This is a boost from Abrdn Healthcare Investors’s previous quarterly dividend of $0.38.

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.