Stephens Inc. AR Has $510,000 Stock Position in abrdn Healthcare Investors $HQH

Stephens Inc. AR lifted its position in shares of abrdn Healthcare Investors (NYSE:HQH) by 13.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,917 shares of the financial services provider’s stock after buying an additional 3,888 shares during the quarter. Stephens Inc. AR owned about 0.06% of abrdn Healthcare Investors worth $510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HQH. Costello Asset Management INC acquired a new position in abrdn Healthcare Investors in the first quarter valued at about $40,000. US Bancorp DE raised its stake in abrdn Healthcare Investors by 192.8% in the first quarter. US Bancorp DE now owns 3,733 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 2,458 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in abrdn Healthcare Investors in the second quarter valued at about $96,000. Integrated Wealth Concepts LLC acquired a new position in abrdn Healthcare Investors in the first quarter valued at about $166,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in abrdn Healthcare Investors in the first quarter valued at about $189,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Up 0.8%

HQH stock opened at $18.99 on Friday. The business has a 50-day simple moving average of $17.53 and a 200 day simple moving average of $16.29. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $19.45.

abrdn Healthcare Investors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 22nd were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Friday, August 22nd.

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.