Abrdn Healthcare Investors (NYSE:HQH) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC cut its stake in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,351 shares of the financial services provider's stock after selling 110,850 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.51% of Abrdn Healthcare Investors worth $4,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Investment Advisory Services LLC lifted its stake in Abrdn Healthcare Investors by 6.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 16,238 shares of the financial services provider's stock valued at $269,000 after buying an additional 1,000 shares in the last quarter. All Season Financial Advisors Inc. lifted its stake in Abrdn Healthcare Investors by 5.2% in the 3rd quarter. All Season Financial Advisors Inc. now owns 20,100 shares of the financial services provider's stock valued at $313,000 after buying an additional 1,001 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Abrdn Healthcare Investors by 1.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 82,312 shares of the financial services provider's stock valued at $1,280,000 after buying an additional 1,566 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in Abrdn Healthcare Investors by 11.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 20,094 shares of the financial services provider's stock worth $312,000 after purchasing an additional 1,992 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its stake in Abrdn Healthcare Investors by 13.5% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 22,140 shares of the financial services provider's stock worth $344,000 after purchasing an additional 2,640 shares in the last quarter. 32.60% of the stock is owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Price Performance

HQH remained flat at $16.13 during trading on Wednesday. 138,434 shares of the company's stock were exchanged, compared to its average volume of 166,730. The stock has a 50-day simple moving average of $16.66 and a two-hundred day simple moving average of $16.24. Abrdn Healthcare Investors has a twelve month low of $14.31 and a twelve month high of $17.73.

Abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 22nd were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.90%. This is a positive change from Abrdn Healthcare Investors's previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 21st.

Abrdn Healthcare Investors 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.