abrdn Healthcare Investors $HQH Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in abrdn Healthcare Investors by 54.8%, purchasing an additional 16,417 shares during the first quarter, bringing its total to 46,400 shares valued at approximately $754,000.
• The company declared a quarterly dividend of $0.51, which will yield 12.2% annually, with the ex-dividend date set for August 22.
• Other hedge funds have also increased their stakes in abrdn Healthcare Investors, contributing to a overall institutional ownership of 32.60% of the stock.

Invesco Ltd. grew its position in abrdn Healthcare Investors (NYSE:HQH - Free Report) by 54.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,400 shares of the financial services provider's stock after acquiring an additional 16,417 shares during the period. Invesco Ltd. owned about 0.09% of abrdn Healthcare Investors worth $754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HQH. Penserra Capital Management LLC boosted its holdings in shares of abrdn Healthcare Investors by 8.5% in the first quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider's stock valued at $16,378,000 after acquiring an additional 78,771 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of abrdn Healthcare Investors by 24.4% in the first quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider's stock valued at $5,700,000 after acquiring an additional 68,941 shares in the last quarter. WNY Asset Management LLC lifted its holdings in abrdn Healthcare Investors by 26.2% in the first quarter. WNY Asset Management LLC now owns 182,505 shares of the financial services provider's stock valued at $2,964,000 after acquiring an additional 37,852 shares during the period. Baird Financial Group Inc. boosted its position in shares of abrdn Healthcare Investors by 45.2% during the 4th quarter. Baird Financial Group Inc. now owns 97,843 shares of the financial services provider's stock worth $1,570,000 after purchasing an additional 30,451 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of abrdn Healthcare Investors by 10.4% during the 4th quarter. Ameriprise Financial Inc. now owns 287,607 shares of the financial services provider's stock worth $4,616,000 after purchasing an additional 27,043 shares during the period. Hedge funds and other institutional investors own 32.60% of the company's stock.

abrdn Healthcare Investors Stock Performance

Shares of HQH traded down $0.02 during trading hours on Tuesday, reaching $16.80. The company had a trading volume of 113,573 shares, compared to its average volume of 202,358. abrdn Healthcare Investors has a 12-month low of $13.77 and a 12-month high of $19.24. The firm has a 50 day simple moving average of $16.12 and a 200-day simple moving average of $15.93.

abrdn Healthcare Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.51 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 12.1%.

About abrdn Healthcare Investors

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.