Cetera Investment Advisers Has $749,000 Holdings in Abrdn Healthcare Investors (NYSE:HQH)

Cetera Investment Advisers reduced its stake in shares of Abrdn Healthcare Investors (NYSE:HQH) by 74.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,695 shares of the financial services provider’s stock after selling 135,085 shares during the quarter. Cetera Investment Advisers owned approximately 0.09% of Abrdn Healthcare Investors worth $749,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HQH. Wolverine Asset Management LLC bought a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at approximately $2,196,000. Baird Financial Group Inc. grew its stake in Abrdn Healthcare Investors by 45.2% during the fourth quarter. Baird Financial Group Inc. now owns 97,843 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 30,451 shares during the last quarter. Raymond James Financial Inc. bought a new position in Abrdn Healthcare Investors in the 4th quarter valued at $15,049,000. Steward Partners Investment Advisory LLC grew its holdings in 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 acquiring an additional 3,737 shares during the last quarter. Finally, Absolute Investment Advisers LLC bought a new position in Abrdn Healthcare Investors in the 4th quarter worth approximately $1,786,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Trading Down 1.2%

Shares of HQH stock opened at $15.26 on Monday. The stock has a 50-day moving average price of $15.63 and a 200 day moving average price of $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 business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 14.15%. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.50.

About Abrdn Healthcare Investors

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.