Sanctuary Advisors LLC Trims Stake in Abrdn Healthcare Investors (NYSE:HQH)

Sanctuary Advisors LLC reduced its holdings in Abrdn Healthcare Investors (NYSE:HQH) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,129 shares of the financial services provider’s stock after selling 4,792 shares during the quarter. Sanctuary Advisors LLC owned 0.11% of Abrdn Healthcare Investors worth $869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC grew its position 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 acquiring an additional 754 shares in the last quarter. Private Advisor Group LLC lifted its stake in Abrdn Healthcare Investors by 3.6% during the third quarter. Private Advisor Group LLC now owns 38,804 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 1,356 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of 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 in the last quarter. Truvestments Capital LLC purchased a new stake in Abrdn Healthcare Investors in the third quarter worth approximately $46,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Abrdn Healthcare Investors during the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Down 1.2 %

Shares of Abrdn Healthcare Investors stock opened at $17.01 on Friday. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79. The company has a fifty day moving average of $17.21 and a 200-day moving average of $17.93.

Abrdn Healthcare Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be paid 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 13.41%.

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.