Raymond James Financial Inc. Invests $15.05 Million in Abrdn Healthcare Investors (NYSE:HQH)

Raymond James Financial Inc. bought a new position in Abrdn Healthcare Investors (NYSE:HQH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 937,656 shares of the financial services provider’s stock, valued at approximately $15,049,000. Raymond James Financial Inc. owned 1.85% of Abrdn Healthcare Investors as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Atomi Financial Group Inc. boosted its stake in Abrdn Healthcare Investors by 7.2% in the 4th quarter. Atomi Financial Group Inc. now owns 24,920 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 1,680 shares during the period. Truvestments Capital LLC bought a new position in Abrdn Healthcare Investors in the 3rd quarter worth about $46,000. FNY Investment Advisers LLC bought a new position in Abrdn Healthcare Investors in the 4th quarter worth about $48,000. HighTower Advisors LLC boosted its stake in Abrdn Healthcare Investors by 13.8% in the 3rd quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 3,220 shares during the period. Finally, TD Private Client Wealth LLC bought a new position in Abrdn Healthcare Investors in the 3rd quarter worth about $66,000. Institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Performance

Shares of NYSE HQH opened at $16.71 on Wednesday. Abrdn Healthcare Investors has a 52 week low of $15.76 and a 52 week high of $19.79. The business has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $17.69.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 13.65%.

Abrdn Healthcare Investors 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.