B. Riley Wealth Advisors Inc. Boosts Position in Abrdn Healthcare Investors (NYSE:HQH)

B. Riley Wealth Advisors Inc. grew its holdings in Abrdn Healthcare Investors (NYSE:HQH) by 28.0% during the 2nd quarter, Holdings Channel reports. The fund owned 90,160 shares of the financial services provider’s stock after purchasing an additional 19,719 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Abrdn Healthcare Investors were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HQH. Northwest Investment Counselors LLC purchased a new stake in Abrdn Healthcare Investors in the first quarter valued at $51,000. EverSource Wealth Advisors LLC purchased a new position in shares of Abrdn Healthcare Investors during the 2nd quarter valued at approximately $93,000. Rothschild Investment LLC acquired a new position in shares of Abrdn Healthcare Investors in the 2nd quarter valued at $101,000. Steward Partners Investment Advisory LLC boosted its holdings in Abrdn Healthcare Investors by 60.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,673 shares of the financial services provider’s stock worth $359,000 after buying an additional 8,138 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in Abrdn Healthcare Investors by 27.8% during the second quarter. Atomi Financial Group Inc. now owns 23,457 shares of the financial services provider’s stock valued at $410,000 after buying an additional 5,098 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Trading Down 0.1 %

Shares of Abrdn Healthcare Investors stock opened at $18.56 on Thursday. The firm has a 50-day simple moving average of $18.81 and a two-hundred day simple moving average of $17.61. Abrdn Healthcare Investors has a fifty-two week low of $14.31 and a fifty-two week high of $19.79.

Abrdn Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 12.72%.

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.