Bank of America Corp DE Acquires 25,805 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Bank of America Corp DE raised its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 13.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 220,516 shares of the financial services provider's stock after acquiring an additional 25,805 shares during the period. Bank of America Corp DE owned approximately 0.44% of Abrdn Healthcare Investors worth $3,539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millstone Evans Group LLC bought a new stake in Abrdn Healthcare Investors during the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Abrdn Healthcare Investors during the fourth quarter worth $48,000. Wealthfront Advisers LLC bought a new stake in Abrdn Healthcare Investors in the 4th quarter valued at $118,000. Comerica Bank boosted its stake in Abrdn Healthcare Investors by 17.3% in the 4th quarter. Comerica Bank now owns 7,504 shares of the financial services provider's stock worth $120,000 after purchasing an additional 1,105 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Abrdn Healthcare Investors in the 4th quarter valued at about $187,000. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Stock Up 1.0%

Shares of HQH stock traded up $0.16 on Wednesday, hitting $15.59. 47,972 shares of the stock were exchanged, compared to its average volume of 192,045. Abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.79. The business has a 50-day moving average of $15.44 and a 200 day moving average of $16.55.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, May 22nd. This represents a $2.16 dividend on an annualized basis and a yield of 13.86%. This is an increase 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.