abrdn Healthcare Investors $HQH Shares Sold by NWF Advisory Services Inc.

NWF Advisory Services Inc. lessened its holdings in shares of abrdn Healthcare Investors (NYSE:HQH) by 26.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,618 shares of the financial services provider’s stock after selling 36,370 shares during the quarter. NWF Advisory Services Inc.’s holdings in abrdn Healthcare Investors were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wolverine Asset Management LLC bought a new position in abrdn Healthcare Investors in the 4th quarter worth approximately $2,780,000. Closed End Fund Advisors Inc. bought a new stake in abrdn Healthcare Investors during the 4th quarter valued at $750,000. Abound Financial LLC acquired a new position in abrdn Healthcare Investors during the 4th quarter worth $142,000. Global Retirement Partners LLC acquired a new position in abrdn Healthcare Investors during the 4th quarter worth $106,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in abrdn Healthcare Investors by 4.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 25,612 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 989 shares during the period. 32.60% of the stock is currently owned by institutional investors and hedge funds.

abrdn Healthcare Investors Price Performance

NYSE:HQH opened at $20.18 on Friday. abrdn Healthcare Investors has a 1 year low of $15.09 and a 1 year high of $20.46. The business has a fifty day moving average of $19.61 and a 200-day moving average of $19.15.

abrdn Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, May 21st will be issued a $0.61 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $2.44 annualized dividend and a yield of 12.1%.

abrdn Healthcare Investors Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.