Mercer Global Advisors Inc. ADV Sells 1,609 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Mercer Global Advisors Inc. ADV reduced its stake in shares of Abrdn Healthcare Investors (NYSE:HQH) by 5.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,529 shares of the financial services provider’s stock after selling 1,609 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.05% of Abrdn Healthcare Investors worth $463,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HQH. Northwest Investment Counselors LLC bought a new position in shares of Abrdn Healthcare Investors in the first quarter valued at approximately $51,000. Rothschild Investment LLC purchased a new position in Abrdn Healthcare Investors in the second quarter valued at approximately $101,000. Steward Partners Investment Advisory LLC lifted its stake in Abrdn Healthcare Investors by 60.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,673 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 8,138 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in 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 purchasing an additional 5,098 shares during the last quarter. Finally, WNY Asset Management LLC lifted its stake in Abrdn Healthcare Investors by 86.7% in the first quarter. WNY Asset Management LLC now owns 26,294 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 12,214 shares during the last quarter. 32.60% of the stock is owned by institutional investors.

Abrdn Healthcare Investors Trading Down 0.1 %

Abrdn Healthcare Investors stock opened at $18.57 on Friday. Abrdn Healthcare Investors has a 12 month low of $14.31 and a 12 month high of $19.79. The business’s 50 day simple moving average is $18.81 and its 200 day simple moving average is $17.57.

Abrdn Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 23rd will be paid a $0.59 dividend. The ex-dividend date is Friday, August 23rd. This represents a $2.36 annualized dividend and a yield of 12.71%.

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.