Jane Street Group LLC bought a new stake in shares of Abrdn Healthcare Investors (NYSE:HQH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,790 shares of the financial services provider's stock, valued at approximately $286,000.
Other institutional investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. purchased a new position in shares of Abrdn Healthcare Investors during the fourth quarter valued at $187,000. Wolverine Asset Management LLC acquired a new stake in Abrdn Healthcare Investors during the 4th quarter worth about $2,196,000. Oppenheimer & Co. Inc. grew its stake in Abrdn Healthcare Investors by 94.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider's stock valued at $2,797,000 after acquiring an additional 84,731 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Abrdn Healthcare Investors by 20.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,358 shares of the financial services provider's stock valued at $359,000 after purchasing an additional 3,737 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Abrdn Healthcare Investors in the fourth quarter worth approximately $15,049,000. Institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Stock Performance
Shares of HQH stock traded up $0.21 during trading on Friday, hitting $15.62. 92,187 shares of the company were exchanged, compared to its average volume of 192,602. The business's 50-day simple moving average is $15.41 and its 200 day simple moving average is $16.53. Abrdn Healthcare Investors has a twelve month low of $13.77 and a twelve month 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 is an increase from Abrdn Healthcare Investors's previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a dividend yield of 13.83%.
About Abrdn Healthcare Investors
(
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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