Samalin Investment Counsel LLC Buys 27,735 Shares of abrdn Healthcare Investors $HQH

Samalin Investment Counsel LLC boosted its stake in abrdn Healthcare Investors (NYSE:HQH) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,351 shares of the financial services provider’s stock after acquiring an additional 27,735 shares during the quarter. abrdn Healthcare Investors accounts for 1.1% of Samalin Investment Counsel LLC’s portfolio, making the stock its 22nd largest position. Samalin Investment Counsel LLC’s holdings in abrdn Healthcare Investors were worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bollard Group LLC acquired a new position in abrdn Healthcare Investors in the 1st quarter worth $25,000. Integrated Wealth Concepts LLC bought a new position in abrdn Healthcare Investors during the 2nd quarter worth about $149,000. Ameritas Advisory Services LLC bought a new position in abrdn Healthcare Investors during the 2nd quarter worth about $149,000. Fifth Third Bancorp acquired a new stake in shares of abrdn Healthcare Investors in the 1st quarter valued at about $123,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of abrdn Healthcare Investors in the 2nd quarter valued at about $219,000. 32.60% of the stock is owned by institutional investors.

abrdn Healthcare Investors Price Performance

HQH opened at $20.27 on Monday. The business’s 50-day moving average price is $21.47 and its two-hundred day moving average price is $20.88. abrdn Healthcare Investors has a 1 year low of $17.14 and a 1 year high of $24.85.

abrdn Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 24th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend was Monday, August 24th.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the global healthcare and life sciences industries. Rather than operating healthcare businesses directly, the fund invests in the securities of companies involved in areas such as pharmaceuticals, biotechnology, medical devices, healthcare services and related technologies.

The fund seeks long-term capital appreciation, with current income as a secondary objective. Its portfolio may include common and preferred stocks, convertible securities and other investments issued by healthcare companies at various stages of development.