PNC Financial Services Group Inc. lowered its stake in shares of Abrdn Healthcare Investors (NYSE:HQH – Free Report) by 50.2% during the fourth quarter, Holdings Channel reports. The fund owned 13,402 shares of the financial services provider’s stock after selling 13,490 shares during the period. PNC Financial Services Group Inc.’s holdings in Abrdn Healthcare Investors were worth $222,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Cornerstone Advisors LLC increased its position in shares of Abrdn Healthcare Investors by 66.7% in the 4th quarter. Cornerstone Advisors LLC now owns 732,299 shares of the financial services provider’s stock valued at $12,134,000 after purchasing an additional 292,920 shares during the last quarter. Quantedge Capital Pte Ltd grew its stake in shares of Abrdn Healthcare Investors by 42.5% during the fourth quarter. Quantedge Capital Pte Ltd now owns 209,600 shares of the financial services provider’s stock worth $3,473,000 after purchasing an additional 62,500 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Abrdn Healthcare Investors by 1,108.9% in the fourth quarter. International Assets Investment Management LLC now owns 37,428 shares of the financial services provider’s stock valued at $620,000 after buying an additional 34,332 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Abrdn Healthcare Investors in the fourth quarter valued at $419,000. Finally, Quarry LP lifted its holdings in Abrdn Healthcare Investors by 41.4% during the 4th quarter. Quarry LP now owns 74,292 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 21,760 shares during the last quarter. 32.60% of the stock is currently owned by institutional investors and hedge funds.
Abrdn Healthcare Investors Stock Up 0.9 %
NYSE:HQH opened at $17.62 on Wednesday. Abrdn Healthcare Investors has a 1 year low of $14.31 and a 1 year high of $17.68. The stock has a 50-day simple moving average of $16.91 and a 200-day simple moving average of $16.84.
Abrdn Healthcare Investors Increases Dividend
Abrdn Healthcare Investors Company 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.
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Want to see what other hedge funds are holding HQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abrdn Healthcare Investors (NYSE:HQH – Free Report).
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