abrdn Healthcare Investors (NYSE:HQH) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in abrdn Healthcare Investors (NYSE:HQH - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,008,526 shares of the financial services provider's stock after buying an additional 78,771 shares during the quarter. Penserra Capital Management LLC owned about 1.87% of abrdn Healthcare Investors worth $16,378,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in HQH. Steward Partners Investment Advisory LLC boosted its stake in abrdn Healthcare Investors by 20.1% during 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 acquiring an additional 3,737 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of abrdn Healthcare Investors in the 4th quarter valued at about $15,049,000. Independent Advisor Alliance bought a new position in shares of abrdn Healthcare Investors during the fourth quarter worth about $243,000. Wealthfront Advisers LLC acquired a new position in abrdn Healthcare Investors in the fourth quarter worth about $118,000. Finally, HighTower Advisors LLC increased its holdings in abrdn Healthcare Investors by 13.4% in the fourth quarter. HighTower Advisors LLC now owns 30,071 shares of the financial services provider's stock valued at $483,000 after buying an additional 3,562 shares during the last quarter. Institutional investors and hedge funds own 32.60% of the company's stock.

abrdn Healthcare Investors Trading Down 1.5%

NYSE:HQH traded down $0.24 during trading hours on Monday, reaching $15.59. 212,604 shares of the stock were exchanged, compared to its average volume of 198,080. The firm has a 50 day simple moving average of $15.60 and a 200-day simple moving average of $16.27. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $19.79.

abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 22nd were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, May 22nd. This is a boost from abrdn Healthcare Investors's previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 13.86%.

abrdn Healthcare Investors Company 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.