WESPAC Advisors LLC purchased a new position in abrdn Healthcare Investors (NYSE:HQH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 24,591 shares of the financial services provider's stock, valued at approximately $399,000.
Several other institutional investors also recently modified their holdings of HQH. Millstone Evans Group LLC bought a new position in shares of abrdn Healthcare Investors in the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. bought a new position in shares of abrdn Healthcare Investors in the 4th quarter worth about $48,000. Nexus Investment Management ULC bought a new position in shares of abrdn Healthcare Investors in the 1st quarter worth about $64,000. CoreCap Advisors LLC increased its stake in shares of abrdn Healthcare Investors by 175.8% in the 4th quarter. CoreCap Advisors LLC now owns 7,262 shares of the financial services provider's stock worth $117,000 after acquiring an additional 4,629 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of abrdn Healthcare Investors in the 4th quarter worth about $118,000. 32.60% of the stock is currently owned by institutional investors.
abrdn Healthcare Investors Stock Down 1.7%
Shares of abrdn Healthcare Investors stock traded down $0.28 during trading on Friday, hitting $15.80. The company's stock had a trading volume of 179,691 shares, compared to its average volume of 199,578. The company has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $16.26. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $19.79.
abrdn Healthcare Investors Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.54 per share. This is a positive change from abrdn Healthcare Investors's previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date of this dividend was Thursday, May 22nd.
abrdn Healthcare Investors 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.
Featured Articles
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
