Northwest Investment Counselors LLC Takes Position in Abrdn Healthcare Investors (NYSE:HQH)

Northwest Investment Counselors LLC acquired a new position in shares of Abrdn Healthcare Investors (NYSE:HQH) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 3,039 shares of the financial services provider’s stock, valued at approximately $57,000.

A number of other hedge funds also recently bought and sold shares of HQH. Cetera Investment Advisers raised its holdings in shares of Abrdn Healthcare Investors by 46.8% during the first quarter. Cetera Investment Advisers now owns 177,208 shares of the financial services provider’s stock valued at $2,988,000 after acquiring an additional 56,521 shares during the period. City of London Investment Management Co. Ltd. lifted its holdings in shares of Abrdn Healthcare Investors by 155.4% in the second quarter. City of London Investment Management Co. Ltd. now owns 68,971 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 41,971 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Abrdn Healthcare Investors in the second quarter worth $1,350,000. Commonwealth Equity Services LLC grew its holdings in shares of Abrdn Healthcare Investors by 3.8% during the first quarter. Commonwealth Equity Services LLC now owns 82,674 shares of the financial services provider’s stock valued at $1,394,000 after buying an additional 3,015 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Abrdn Healthcare Investors during the second quarter valued at $939,000. 32.60% of the stock is owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Stock Performance

Shares of NYSE HQH opened at $18.58 on Tuesday. Abrdn Healthcare Investors has a one year low of $14.31 and a one year high of $19.79. The business has a 50-day moving average price of $18.78 and a two-hundred day moving average price of $17.79.

Abrdn Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 12.70%. The ex-dividend date of this dividend was Friday, August 23rd.

About Abrdn Healthcare Investors

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.