Abrdn Healthcare Investors (NYSE:HQH) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,071 shares of the financial services provider’s stock after acquiring an additional 3,562 shares during the quarter. HighTower Advisors LLC owned about 0.06% of Abrdn Healthcare Investors worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HQH. FNY Investment Advisers LLC purchased a new position in Abrdn Healthcare Investors in the fourth quarter valued at about $48,000. TD Private Client Wealth LLC purchased a new stake in shares of Abrdn Healthcare Investors during the 3rd quarter valued at about $66,000. Wealthfront Advisers LLC purchased a new stake in shares of Abrdn Healthcare Investors during the 4th quarter valued at about $118,000. Stratos Wealth Partners LTD. acquired a new position in Abrdn Healthcare Investors during the 4th quarter worth approximately $187,000. Finally, Stifel Financial Corp purchased a new position in Abrdn Healthcare Investors in the 3rd quarter worth approximately $188,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Down 0.0 %

Shares of NYSE:HQH opened at $16.49 on Monday. The company has a 50 day moving average of $17.32 and a two-hundred day moving average of $17.58. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 13.83%. The ex-dividend date of this dividend is Friday, February 21st.

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.