Triumph Capital Management Sells 12,318 Shares of abrdn Healthcare Investors $HQH

Triumph Capital Management lessened its stake in abrdn Healthcare Investors (NYSE:HQH) by 21.5% in the second quarter, HoldingsChannel reports. The firm owned 44,999 shares of the financial services provider’s stock after selling 12,318 shares during the period. Triumph Capital Management’s holdings in abrdn Healthcare Investors were worth $697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its holdings in abrdn Healthcare Investors by 26.9% in the first quarter. Raymond James Financial Inc. now owns 1,189,633 shares of the financial services provider’s stock valued at $19,320,000 after purchasing an additional 251,977 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of abrdn Healthcare Investors by 8.5% in the first quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider’s stock worth $16,378,000 after acquiring an additional 78,771 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of abrdn Healthcare Investors by 22.0% in the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares in the last quarter. LPL Financial LLC increased its holdings in shares of abrdn Healthcare Investors by 24.4% in the first quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider’s stock worth $5,700,000 after acquiring an additional 68,941 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of abrdn Healthcare Investors by 10.4% in the fourth quarter. Ameriprise Financial Inc. now owns 287,607 shares of the financial services provider’s stock worth $4,616,000 after acquiring an additional 27,043 shares in the last quarter. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Performance

Shares of abrdn Healthcare Investors stock opened at $16.47 on Tuesday. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $19.24. The business has a 50-day moving average of $16.19 and a two-hundred day moving average of $15.90.

abrdn Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 22nd will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Friday, August 22nd.

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.