Prevail Innovative Wealth Advisors LLC grew its position in shares of abrdn Healthcare Investors (NYSE:HQH - Free Report) by 69.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 62,394 shares of the financial services provider's stock after acquiring an additional 25,607 shares during the period. Prevail Innovative Wealth Advisors LLC owned about 0.12% of abrdn Healthcare Investors worth $1,013,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HQH. Raymond James Financial Inc. purchased a new position in shares of abrdn Healthcare Investors during the 4th quarter worth approximately $15,049,000. Independent Advisor Alliance purchased a new position in shares of abrdn Healthcare Investors during the 4th quarter worth approximately $243,000. Wealthfront Advisers LLC purchased a new position in shares of abrdn Healthcare Investors during the 4th quarter worth approximately $118,000. HighTower Advisors LLC grew its holdings in shares of abrdn Healthcare Investors by 13.4% during the 4th quarter. HighTower Advisors LLC now owns 30,071 shares of the financial services provider's stock worth $483,000 after acquiring an additional 3,562 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of abrdn Healthcare Investors by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 86,279 shares of the financial services provider's stock worth $1,385,000 after acquiring an additional 3,409 shares during the period. Hedge funds and other institutional investors own 32.60% of the company's stock.
abrdn Healthcare Investors Stock Up 0.8%
Shares of HQH stock traded up $0.12 during midday trading on Wednesday, reaching $15.72. 168,295 shares of the stock were exchanged, compared to its average volume of 199,510. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $19.79. The company's 50 day moving average is $15.57 and its two-hundred day moving average is $16.24.
abrdn Healthcare Investors Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 22nd were paid a $0.54 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $2.16 annualized dividend and a dividend yield of 13.74%. This is an increase from abrdn Healthcare Investors's previous quarterly dividend of $0.50.
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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