RFG Advisory LLC Boosts Stake in abrdn Healthcare Investors $HQH

RFG Advisory LLC grew its position in shares of abrdn Healthcare Investors (NYSE:HQH) by 8.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,276 shares of the financial services provider’s stock after acquiring an additional 1,149 shares during the period. RFG Advisory LLC’s holdings in abrdn Healthcare Investors were worth $221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. grew its stake in shares of abrdn Healthcare Investors by 26.9% in the 1st quarter. Raymond James Financial Inc. now owns 1,189,633 shares of the financial services provider’s stock worth $19,320,000 after buying an additional 251,977 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of abrdn Healthcare Investors by 8.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider’s stock worth $16,378,000 after buying an additional 78,771 shares during the last quarter. Royal Bank of Canada grew its stake in shares of abrdn Healthcare Investors by 22.0% in the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after buying an additional 95,441 shares during the last quarter. LPL Financial LLC grew its stake in shares of abrdn Healthcare Investors by 24.4% in the 1st quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider’s stock worth $5,700,000 after buying an additional 68,941 shares during the last quarter. Finally, Needham Investment Management LLC grew its stake in shares of abrdn Healthcare Investors by 3.7% in the 1st quarter. Needham Investment Management LLC now owns 264,473 shares of the financial services provider’s stock worth $4,295,000 after buying an additional 9,395 shares during the last quarter. Hedge funds and other institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Performance

abrdn Healthcare Investors stock opened at $19.00 on Monday. The stock’s 50 day moving average is $17.24 and its 200 day moving average is $16.14. abrdn Healthcare Investors has a twelve month low of $13.77 and a twelve month high of $19.45.

abrdn Healthcare Investors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 22nd were paid a $0.51 dividend. The ex-dividend date was Friday, August 22nd. This represents a $2.04 annualized dividend and a dividend yield of 10.7%.

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.