Cetera Investment Advisers trimmed its position in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 74.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,695 shares of the financial services provider's stock after selling 135,085 shares during the quarter. Cetera Investment Advisers owned 0.09% of Abrdn Healthcare Investors worth $749,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of HQH. Millstone Evans Group LLC acquired a new position in Abrdn Healthcare Investors during the fourth quarter worth $29,000. Brown Brothers Harriman & Co. acquired a new position in Abrdn Healthcare Investors during the fourth quarter worth $48,000. Wealthfront Advisers LLC acquired a new position in Abrdn Healthcare Investors during the fourth quarter worth $118,000. Comerica Bank raised its stake in 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 in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Abrdn Healthcare Investors during the fourth quarter worth $187,000. 32.60% of the stock is currently owned by institutional investors and hedge funds.
Abrdn Healthcare Investors Stock Performance
Abrdn Healthcare Investors stock traded up $0.19 during mid-day trading on Thursday, hitting $15.40. 131,163 shares of the company were exchanged, compared to its average volume of 191,099. The business has a fifty day moving average of $15.55 and a 200 day moving average of $16.64. Abrdn Healthcare Investors has a 1-year low of $13.77 and a 1-year high of $19.79.
Abrdn Healthcare Investors Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 14.03%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a boost 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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