Wedbush Securities Inc. Increases Stock Holdings in abrdn Healthcare Investors $HQH

Key Points

• Wedbush Securities increased its abrdn Healthcare Investors holdings by 592.4% in the second quarter, adding 200,104 shares to own 233,882 shares valued at approximately $4.53 million.
• Institutional investors and hedge funds own 32.6% of HQH, with several firms initiating or significantly expanding positions during recent quarters.
• HQH recently declared a quarterly dividend of $0.66 per share, equivalent to $2.64 annually and an 11.7% yield; the stock opened at $22.61, within its 52-week range of $16.30 to $24.85.

Wedbush Securities Inc. lifted its holdings in abrdn Healthcare Investors (NYSE:HQH - Free Report) by 592.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 233,882 shares of the financial services provider's stock after purchasing an additional 200,104 shares during the period. Wedbush Securities Inc. owned about 0.41% of abrdn Healthcare Investors worth $4,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HQH. Bollard Group LLC purchased a new position in abrdn Healthcare Investors during the first quarter valued at $25,000. Geneos Wealth Management Inc. grew its holdings in abrdn Healthcare Investors by 9,232.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 2,862 shares during the period. Advisory Services Network LLC purchased a new stake in abrdn Healthcare Investors in the third quarter worth about $97,000. Global Retirement Partners LLC purchased a new stake in abrdn Healthcare Investors in the fourth quarter worth about $106,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of abrdn Healthcare Investors in the fourth quarter worth about $107,000. Hedge funds and other institutional investors own 32.60% of the company's stock.

abrdn Healthcare Investors Stock Down 2.5%

HQH stock opened at $22.61 on Friday. The business's 50-day moving average price is $22.21 and its 200-day moving average price is $20.25. abrdn Healthcare Investors has a twelve month low of $16.30 and a twelve month high of $24.85.

abrdn Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.64 annualized dividend and a yield of 11.7%.

About abrdn Healthcare Investors

abrdn Healthcare Investors NYSE: HQH is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.

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