Stifel Financial Corp Invests $188,000 in Abrdn Healthcare Investors (NYSE:HQH)

Stifel Financial Corp bought a new stake in Abrdn Healthcare Investors (NYSE:HQH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,075 shares of the financial services provider’s stock, valued at approximately $188,000.

Several other hedge funds also recently bought and sold shares of HQH. Ashton Thomas Securities LLC increased its holdings in Abrdn Healthcare Investors by 3.1% in the third quarter. Ashton Thomas Securities LLC now owns 25,121 shares of the financial services provider’s stock worth $468,000 after buying an additional 754 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Abrdn Healthcare Investors by 3.1% during the 2nd quarter. Private Advisor Group LLC now owns 37,448 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 1,140 shares during the last quarter. Sage Capital Advisors llc raised its holdings in shares of Abrdn Healthcare Investors by 4.7% during the 3rd quarter. Sage Capital Advisors llc now owns 28,733 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 1,289 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Abrdn Healthcare Investors by 11.9% during the 2nd quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter valued at $46,000. 32.60% of the stock is owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Price Performance

Abrdn Healthcare Investors stock opened at $16.19 on Tuesday. The company’s fifty day moving average price is $17.52 and its two-hundred day moving average price is $18.11. Abrdn Healthcare Investors has a one year low of $15.76 and a one year high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be given a $0.62 dividend. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 15.32%.

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.