WNY Asset Management LLC Grows Stake in abrdn Healthcare Investors (NYSE:HQH)

WNY Asset Management LLC lifted its stake in abrdn Healthcare Investors (NYSE:HQH - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,505 shares of the financial services provider's stock after purchasing an additional 37,852 shares during the quarter. WNY Asset Management LLC owned 0.34% of abrdn Healthcare Investors worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of abrdn Healthcare Investors by 18.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 83,775 shares of the financial services provider's stock worth $1,361,000 after purchasing an additional 13,147 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in abrdn Healthcare Investors in the 1st quarter worth about $189,000. Baird Financial Group Inc. raised its position in abrdn Healthcare Investors by 45.2% in the 4th quarter. Baird Financial Group Inc. now owns 97,843 shares of the financial services provider's stock worth $1,570,000 after buying an additional 30,451 shares during the last quarter. Ameriprise Financial Inc. raised its position in abrdn Healthcare Investors by 10.4% in the 4th quarter. Ameriprise Financial Inc. now owns 287,607 shares of the financial services provider's stock worth $4,616,000 after buying an additional 27,043 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in abrdn Healthcare Investors by 2.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 155,593 shares of the financial services provider's stock valued at $2,527,000 after acquiring an additional 3,144 shares during the period. Institutional investors own 32.60% of the company's stock.

abrdn Healthcare Investors Trading Up 1.0%

Shares of HQH stock opened at $15.92 on Friday. The company has a 50 day moving average price of $15.59 and a 200-day moving average price of $16.24. 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 business 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. The ex-dividend date of this dividend was Thursday, May 22nd. This is a positive change 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 13.57%.

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.

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