WNY Asset Management LLC grew its holdings in abrdn Healthcare Investors (NYSE:HQH - Free Report) by 26.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 182,505 shares of the financial services provider's stock after acquiring an additional 37,852 shares during the quarter. WNY Asset Management LLC owned about 0.34% of abrdn Healthcare Investors worth $2,964,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new position in abrdn Healthcare Investors during the fourth quarter worth $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of abrdn Healthcare Investors during the fourth quarter worth about $48,000. Nexus Investment Management ULC bought a new stake in abrdn Healthcare Investors in the first quarter valued at about $64,000. CoreCap Advisors LLC grew its holdings in shares of abrdn Healthcare Investors by 175.8% during the fourth quarter. CoreCap Advisors LLC now owns 7,262 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 4,629 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of abrdn Healthcare Investors by 17.3% during the fourth quarter. Comerica Bank now owns 7,504 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 32.60% of the company's stock.
abrdn Healthcare Investors Stock Performance
HQH traded up $0.16 during trading on Wednesday, reaching $16.11. The stock had a trading volume of 176,841 shares, compared to its average volume of 198,468. abrdn Healthcare Investors has a 1-year low of $13.77 and a 1-year high of $19.79. The stock has a 50 day moving average of $15.59 and a two-hundred day moving average of $16.23.
abrdn Healthcare Investors Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 22nd were issued a $0.54 dividend. 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 dividend on an annualized basis and a yield of 13.41%.
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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