Envestnet Asset Management Inc. acquired a new stake in shares of abrdn Healthcare Investors (NYSE:HQH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,249 shares of the financial services provider's stock, valued at approximately $426,000.
Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its position in abrdn Healthcare Investors by 65.3% during the fourth quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider's stock valued at $4,526,000 after acquiring an additional 111,383 shares during the last quarter. Invesco Ltd. lifted its stake in abrdn Healthcare Investors by 6.7% in the fourth quarter. Invesco Ltd. now owns 29,983 shares of the financial services provider's stock worth $481,000 after purchasing an additional 1,884 shares during the last quarter. Raymond James Financial Inc. bought a new stake in abrdn Healthcare Investors in the fourth quarter worth about $15,049,000. Rockefeller Capital Management L.P. lifted its stake in abrdn Healthcare Investors by 78.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 25,014 shares of the financial services provider's stock worth $401,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in abrdn Healthcare Investors in the fourth quarter worth about $477,000. Hedge funds and other institutional investors own 32.60% of the company's stock.
abrdn Healthcare Investors Stock Up 0.3%
NYSE HQH traded up $0.05 during trading on Friday, hitting $15.63. The stock had a trading volume of 83,926 shares, compared to its average volume of 227,769. The stock has a 50 day simple moving average of $15.70 and a 200 day simple moving average of $16.15. 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 business also recently declared 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. This is a boost from abrdn Healthcare Investors's previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend was Thursday, May 22nd.
abrdn Healthcare Investors 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.
See Also
Before you consider abrdn Healthcare Investors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and abrdn Healthcare Investors wasn't on the list.
While abrdn Healthcare Investors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access