Readystate Asset Management LP Sells 23,974 Shares of abrdn Healthcare Investors (NYSE:HQH)

Readystate Asset Management LP lessened its holdings in abrdn Healthcare Investors (NYSE:HQH - Free Report) by 43.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,816 shares of the financial services provider's stock after selling 23,974 shares during the quarter. Readystate Asset Management LP owned approximately 0.06% of abrdn Healthcare Investors worth $517,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Comerica Bank lifted its stake in abrdn Healthcare Investors by 17.3% in the fourth quarter. Comerica Bank now owns 7,504 shares of the financial services provider's stock valued at $120,000 after buying an additional 1,105 shares during the last quarter. Sage Capital Advisors llc raised its stake in shares of abrdn Healthcare Investors by 5.1% during the first quarter. Sage Capital Advisors llc now owns 23,165 shares of the financial services provider's stock valued at $376,000 after purchasing an additional 1,124 shares in the last quarter. Invesco Ltd. raised its stake in shares of abrdn Healthcare Investors by 6.7% during the fourth quarter. Invesco Ltd. now owns 29,983 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 1,884 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of abrdn Healthcare Investors during the fourth quarter valued at about $48,000. Finally, IFP Advisors Inc raised its stake in shares of abrdn Healthcare Investors by 33.0% during the first quarter. IFP Advisors Inc now owns 12,099 shares of the financial services provider's stock valued at $196,000 after purchasing an additional 3,000 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

abrdn Healthcare Investors Price Performance

abrdn Healthcare Investors stock traded up $0.10 during midday trading on Thursday, hitting $16.25. The company's stock had a trading volume of 190,156 shares, compared to its average volume of 240,641. The stock's 50-day moving average price is $15.63 and its 200-day moving average price is $16.23. abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.79.

abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 13.29%. The ex-dividend date was Thursday, May 22nd. This is a boost from abrdn Healthcare Investors's previous quarterly dividend of $0.50.

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.