Raymond James & Associates Purchases 157,618 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Raymond James & Associates grew its position in Abrdn Healthcare Investors (NYSE:HQH) by 79.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 355,205 shares of the financial services provider’s stock after purchasing an additional 157,618 shares during the period. Raymond James & Associates’ holdings in Abrdn Healthcare Investors were worth $6,614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Abrdn Healthcare Investors in the 2nd quarter valued at about $93,000. Rothschild Investment LLC acquired a new position in Abrdn Healthcare Investors in the 2nd quarter worth about $101,000. Teamwork Financial Advisors LLC purchased a new stake in Abrdn Healthcare Investors during the 3rd quarter worth approximately $201,000. Truist Financial Corp increased its position in shares of Abrdn Healthcare Investors by 11.9% during the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of Abrdn Healthcare Investors by 27.8% in 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 last quarter. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Price Performance

HQH stock opened at $18.03 on Friday. Abrdn Healthcare Investors has a 52-week low of $14.47 and a 52-week high of $19.79. The business has a fifty day moving average of $18.64 and a two-hundred day moving average of $17.88.

Abrdn Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 13.09%.

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.