WESPAC Advisors LLC bought a new stake in abrdn Healthcare Investors (NYSE:HQH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,591 shares of the financial services provider's stock, valued at approximately $399,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in abrdn Healthcare Investors in the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. purchased a new position in abrdn Healthcare Investors during the fourth quarter worth approximately $48,000. Nexus Investment Management ULC acquired a new position in shares of abrdn Healthcare Investors in the 1st quarter valued at $64,000. CoreCap Advisors LLC grew its stake in shares of abrdn Healthcare Investors by 175.8% during the 4th quarter. CoreCap Advisors LLC now owns 7,262 shares of the financial services provider's stock valued at $117,000 after buying an additional 4,629 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in abrdn Healthcare Investors in the fourth quarter valued at $118,000. 32.60% of the stock is currently owned by hedge funds and other institutional investors.
abrdn Healthcare Investors Stock Performance
NYSE:HQH traded down $0.02 on Monday, hitting $15.77. 306,261 shares of the stock were exchanged, compared to its average volume of 211,505. abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.79. The stock has a fifty day moving average of $15.57 and a 200-day moving average of $16.25.
abrdn Healthcare Investors Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, May 22nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 13.70%. This is a positive change from abrdn Healthcare Investors's previous quarterly dividend of $0.50.
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.
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