Advisors Asset Management Inc. Raises Stake in abrdn Healthcare Investors $HQH

Advisors Asset Management Inc. lifted its stake in abrdn Healthcare Investors (NYSE:HQH) by 32.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,359 shares of the financial services provider’s stock after purchasing an additional 86,924 shares during the period. Advisors Asset Management Inc. owned about 0.65% of abrdn Healthcare Investors worth $5,443,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in abrdn Healthcare Investors by 26.9% in the 1st quarter. Raymond James Financial Inc. now owns 1,189,633 shares of the financial services provider’s stock valued at $19,320,000 after buying an additional 251,977 shares during the period. Penserra Capital Management LLC raised its stake in shares of abrdn Healthcare Investors by 3.0% during the second quarter. Penserra Capital Management LLC now owns 1,039,237 shares of the financial services provider’s stock valued at $16,097,000 after acquiring an additional 30,711 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of abrdn Healthcare Investors by 22.0% in the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock valued at $8,604,000 after purchasing an additional 95,441 shares during the period. LPL Financial LLC grew its stake in abrdn Healthcare Investors by 24.4% in the first quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider’s stock worth $5,700,000 after purchasing an additional 68,941 shares in the last quarter. Finally, Needham Investment Management LLC increased its holdings in abrdn Healthcare Investors by 3.7% during the 1st quarter. Needham Investment Management LLC now owns 264,473 shares of the financial services provider’s stock worth $4,295,000 after purchasing an additional 9,395 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Up 0.5%

Shares of NYSE HQH opened at $19.48 on Thursday. abrdn Healthcare Investors has a twelve month low of $13.77 and a twelve month high of $19.69. The business has a fifty day simple moving average of $18.56 and a two-hundred day simple moving average of $16.84.

abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, November 21st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 11.7%. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, November 21st.

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.