AQR Arbitrage LLC trimmed its stake in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 62.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,121 shares of the financial services provider's stock after selling 165,408 shares during the period. AQR Arbitrage LLC owned approximately 0.20% of Abrdn Healthcare Investors worth $1,623,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of HQH. Raymond James Financial Inc. purchased a new stake in Abrdn Healthcare Investors in the 4th quarter worth about $15,049,000. LPL Financial LLC raised its holdings in shares of Abrdn Healthcare Investors by 65.3% in the fourth quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider's stock worth $4,526,000 after buying an additional 111,383 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Abrdn Healthcare Investors by 16.9% during the 4th quarter. Advisors Asset Management Inc. now owns 207,797 shares of the financial services provider's stock worth $3,335,000 after acquiring an additional 29,977 shares during the last quarter. First Trust Advisors LP boosted its holdings in Abrdn Healthcare Investors by 5.8% during the 4th quarter. First Trust Advisors LP now owns 177,740 shares of the financial services provider's stock valued at $2,853,000 after acquiring an additional 9,819 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Abrdn Healthcare Investors by 94.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider's stock valued at $2,797,000 after acquiring an additional 84,731 shares during the last quarter. Institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Stock Up 0.1 %
Shares of NYSE:HQH traded up $0.01 on Monday, hitting $16.29. 120,434 shares of the company's stock were exchanged, compared to its average volume of 185,353. Abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.79. The business's 50 day simple moving average is $16.01 and its two-hundred day simple moving average is $16.97.
Abrdn Healthcare Investors Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 21st were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 14.00%. The ex-dividend date was Friday, February 21st.
Abrdn Healthcare Investors Company Profile
(
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.
Read More
Before you consider Abrdn Healthcare Investors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abrdn Healthcare Investors wasn't on the list.
While Abrdn Healthcare Investors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
