Abel Hall LLC Makes New Investment in abrdn Healthcare Investors $HQH

Abel Hall LLC acquired a new position in abrdn Healthcare Investors (NYSE:HQH) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 33,000 shares of the financial services provider’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in abrdn Healthcare Investors by 0.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 156,361 shares of the financial services provider’s stock worth $2,422,000 after purchasing an additional 768 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in abrdn Healthcare Investors by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 788 shares in the last quarter. NewEdge Advisors LLC raised its stake in abrdn Healthcare Investors by 3.0% in the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,274 shares in the last quarter. US Bancorp DE raised its stake in abrdn Healthcare Investors by 192.8% in the 1st quarter. US Bancorp DE now owns 3,733 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 2,458 shares in the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of abrdn Healthcare Investors in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Performance

Shares of NYSE:HQH opened at $18.54 on Wednesday. The firm has a 50 day moving average of $16.73 and a 200-day moving average of $16.00. abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $18.86.

abrdn Healthcare Investors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 22nd were given a $0.51 dividend. The ex-dividend date was Friday, August 22nd. This represents a $2.04 annualized dividend and a dividend yield of 11.0%.

About abrdn Healthcare Investors

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.