Jane Street Group LLC Purchases New Position in Abrdn Healthcare Investors (NYSE:HQH)

Jane Street Group LLC purchased a new stake in shares of Abrdn Healthcare Investors (NYSE:HQH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,790 shares of the financial services provider’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in Abrdn Healthcare Investors in the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. bought a new stake in Abrdn Healthcare Investors in the 4th quarter worth approximately $48,000. Wealthfront Advisers LLC bought a new stake in Abrdn Healthcare Investors in the 4th quarter worth approximately $118,000. Comerica Bank grew its position in Abrdn Healthcare Investors by 17.3% in the 4th quarter. Comerica Bank now owns 7,504 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,105 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Abrdn Healthcare Investors in the 4th quarter worth approximately $187,000. Institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Up 0.7%

NYSE:HQH opened at $15.45 on Wednesday. Abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.79. The company has a 50 day simple moving average of $15.44 and a two-hundred day simple moving average of $16.55.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 13.98%. The ex-dividend date of this dividend is Thursday, May 22nd. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.50.

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.