Ameriprise Financial Inc. Grows Position in Abrdn Healthcare Investors (NYSE:HQH)

Ameriprise Financial Inc. lifted its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,607 shares of the financial services provider’s stock after purchasing an additional 27,043 shares during the quarter. Ameriprise Financial Inc. owned about 0.57% of Abrdn Healthcare Investors worth $4,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Abrdn Healthcare Investors during the fourth quarter worth approximately $15,049,000. LPL Financial LLC boosted its position in Abrdn Healthcare Investors by 65.3% during the 4th quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider’s stock valued at $4,526,000 after purchasing an additional 111,383 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Abrdn Healthcare Investors by 16.9% in the 4th quarter. Advisors Asset Management Inc. now owns 207,797 shares of the financial services provider’s stock worth $3,335,000 after acquiring an additional 29,977 shares during the period. First Trust Advisors LP grew its holdings in Abrdn Healthcare Investors by 5.8% in the 4th quarter. First Trust Advisors LP now owns 177,740 shares of the financial services provider’s stock worth $2,853,000 after buying an additional 9,819 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Abrdn Healthcare Investors by 94.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider’s stock worth $2,797,000 after purchasing an additional 84,731 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Price Performance

Shares of NYSE:HQH opened at $15.26 on Monday. The stock’s 50 day moving average price is $15.63 and its 200 day moving average price is $16.68. Abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, May 22nd. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 14.15%.

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.