Abel Hall LLC Takes Position in abrdn Healthcare Investors $HQH

Key Points

• Abel Hall LLC acquired a new stake of 33,000 shares in abrdn Healthcare Investors, valued at approximately $511,000, representing a 0.06% ownership in the company as per their recent SEC filing.
• Institutional investors collectively own 32.60% of abrdn Healthcare Investors' stock, with several other hedge funds also adjusting their positions during the second quarter.
• Despite the acquisition news, abrdn Healthcare Investors recently cut its dividend to $0.51 per share, which translates to an annual yield of 11.0% based on recent stock performance.

Abel Hall LLC acquired a new stake in abrdn Healthcare Investors (NYSE:HQH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 33,000 shares of the financial services provider's stock, valued at approximately $511,000. Abel Hall LLC owned 0.06% of abrdn Healthcare Investors at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of abrdn Healthcare Investors in the 2nd quarter valued at about $96,000. Janney Montgomery Scott LLC boosted its holdings in shares of abrdn Healthcare Investors by 0.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 156,361 shares of the financial services provider's stock worth $2,422,000 after buying an additional 768 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of abrdn Healthcare Investors by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider's stock worth $191,000 after buying an additional 788 shares during the period. Smith Asset Management Co. LLC bought a new stake in shares of abrdn Healthcare Investors during the 1st quarter worth about $1,961,000. Finally, Needham Investment Management LLC boosted its holdings in shares of abrdn Healthcare Investors by 3.7% during the 1st quarter. Needham Investment Management LLC now owns 264,473 shares of the financial services provider's stock worth $4,295,000 after buying an additional 9,395 shares during the period. Institutional investors own 32.60% of the company's stock.

abrdn Healthcare Investors Stock Up 0.9%

Shares of HQH stock opened at $18.54 on Wednesday. The company has a 50-day simple moving average of $16.73 and a 200 day simple moving average of $16.00. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $18.86.

abrdn Healthcare Investors Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 22nd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.04 annualized dividend and a dividend yield of 11.0%.

abrdn Healthcare Investors Company 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.

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