Abrdn Healthcare Investors (NYSE:HQH) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Abrdn Healthcare Investors (NYSE:HQH) by 13.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,509 shares of the financial services provider’s stock after purchasing an additional 3,220 shares during the quarter. HighTower Advisors LLC’s holdings in Abrdn Healthcare Investors were worth $493,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Abrdn Healthcare Investors in the third quarter worth approximately $46,000. Northwest Investment Counselors LLC acquired a new position in Abrdn Healthcare Investors during the third quarter worth $57,000. EverSource Wealth Advisors LLC bought a new position in Abrdn Healthcare Investors during the second quarter valued at about $93,000. Rothschild Investment LLC acquired a new stake in shares of Abrdn Healthcare Investors in the second quarter worth about $101,000. Finally, Teamwork Financial Advisors LLC bought a new stake in shares of Abrdn Healthcare Investors during the 3rd quarter worth about $201,000. 32.60% of the stock is owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Stock Performance

HQH opened at $16.29 on Friday. Abrdn Healthcare Investors has a twelve month low of $15.76 and a twelve month high of $19.79. The business has a 50 day moving average price of $17.79 and a 200 day moving average price of $18.11.

Abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 15.22%.

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.