Envestnet Asset Management Inc. Acquires Shares of 26,249 abrdn Healthcare Investors (NYSE:HQH)

Envestnet Asset Management Inc. acquired a new position in shares of abrdn Healthcare Investors (NYSE:HQH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,249 shares of the financial services provider’s stock, valued at approximately $426,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of abrdn Healthcare Investors during the fourth quarter worth about $15,049,000. LPL Financial LLC lifted 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 worth $4,526,000 after acquiring an additional 111,383 shares during the period. Penserra Capital Management LLC grew its stake in shares of abrdn Healthcare Investors by 8.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider’s stock valued at $16,378,000 after purchasing an additional 78,771 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of abrdn Healthcare Investors by 45.2% in the 4th quarter. Baird Financial Group Inc. now owns 97,843 shares of the financial services provider’s stock valued at $1,570,000 after purchasing an additional 30,451 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of abrdn Healthcare Investors in the fourth quarter valued at approximately $477,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Performance

abrdn Healthcare Investors stock opened at $15.66 on Thursday. The business has a 50 day simple moving average of $15.69 and a 200-day simple moving average of $16.17. 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 company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd were issued a $0.54 dividend. The ex-dividend date of this dividend was 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 dividend yield of 13.8%.

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.