Abrdn Healthcare Investors (NYSE:HQH) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,607 shares of the financial services provider's stock after purchasing an additional 27,043 shares during the period. Ameriprise Financial Inc. owned about 0.57% of Abrdn Healthcare Investors worth $4,616,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC purchased a new position in Abrdn Healthcare Investors in the 4th quarter worth about $286,000. Triumph Capital Management grew its stake in Abrdn Healthcare Investors by 32.6% in the 4th quarter. Triumph Capital Management now owns 61,217 shares of the financial services provider's stock worth $983,000 after acquiring an additional 15,057 shares in the last quarter. Comerica Bank increased its position in shares of Abrdn Healthcare Investors by 17.3% during the fourth quarter. Comerica Bank now owns 7,504 shares of the financial services provider's stock worth $120,000 after acquiring an additional 1,105 shares during the period. Stifel Financial Corp raised its stake in shares of Abrdn Healthcare Investors by 38.7% during the fourth quarter. Stifel Financial Corp now owns 13,975 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 3,900 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Abrdn Healthcare Investors by 5.8% in the fourth quarter. First Trust Advisors LP now owns 177,740 shares of the financial services provider's stock valued at $2,853,000 after purchasing an additional 9,819 shares during the period. Hedge funds and other institutional investors own 32.60% of the company's stock.

Abrdn Healthcare Investors Stock Down 1.4%

NYSE:HQH traded down $0.22 during midday trading on Friday, hitting $15.21. The stock had a trading volume of 57,210 shares, compared to its average volume of 191,011. The stock has a 50-day moving average of $15.55 and a 200 day moving average of $16.64. Abrdn Healthcare Investors has a one year low of $13.77 and a one year high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.16 annualized dividend and a dividend yield of 14.20%. This is a positive change from Abrdn Healthcare Investors's previous quarterly dividend of $0.50.

Abrdn Healthcare Investors 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.