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

Abrdn Healthcare Investors logo with Finance background

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

Several other institutional investors have also added to or reduced their stakes in the company. Atomi Financial Group Inc. lifted its holdings in shares of Abrdn Healthcare Investors by 7.2% during the fourth quarter. Atomi Financial Group Inc. now owns 24,920 shares of the financial services provider's stock worth $400,000 after buying an additional 1,680 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Abrdn Healthcare Investors in the 4th quarter worth about $29,000. Invesco Ltd. raised its stake in Abrdn Healthcare Investors by 6.7% in the 4th quarter. Invesco Ltd. now owns 29,983 shares of the financial services provider's stock worth $481,000 after purchasing an additional 1,884 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Abrdn Healthcare Investors in the 4th quarter valued at about $48,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Abrdn Healthcare Investors during the 4th quarter worth approximately $48,000. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Stock Down 1.0 %

Shares of NYSE HQH traded down $0.17 during midday trading on Friday, reaching $15.97. The company's stock had a trading volume of 125,134 shares, compared to its average volume of 184,628. The business's 50 day moving average price is $16.17 and its two-hundred day moving average price is $17.07. Abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 21st were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.28 annualized dividend and a yield of 14.28%.

About Abrdn Healthcare Investors

(Free Report)

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.

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Institutional Ownership by Quarter for Abrdn Healthcare Investors (NYSE:HQH)

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