Advisors Asset Management Inc. Boosts Position in Abrdn Healthcare Investors (NYSE:HQH)

Advisors Asset Management Inc. grew its holdings in Abrdn Healthcare Investors (NYSE:HQH) by 36.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,820 shares of the financial services provider’s stock after acquiring an additional 47,518 shares during the period. Advisors Asset Management Inc. owned about 0.35% of Abrdn Healthcare Investors worth $3,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HQH. Cetera Investment Advisers boosted its holdings in Abrdn Healthcare Investors by 46.8% in the first quarter. Cetera Investment Advisers now owns 177,208 shares of the financial services provider’s stock valued at $2,988,000 after purchasing an additional 56,521 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its stake 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 worth $1,204,000 after buying an additional 41,971 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Abrdn Healthcare Investors during the third quarter worth about $682,000. NINE MASTS CAPITAL Ltd purchased a new position in Abrdn Healthcare Investors during the second quarter valued at approximately $1,350,000. Finally, Sanctuary Advisors LLC acquired a new position in Abrdn Healthcare Investors in the second quarter valued at approximately $939,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Up 0.3 %

Shares of NYSE HQH opened at $17.24 on Friday. The firm’s 50 day simple moving average is $18.39 and its 200-day simple moving average is $18.08. Abrdn Healthcare Investors has a 12 month low of $14.58 and a 12 month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be issued a $0.62 dividend. This is a boost from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a yield of 14.39%.

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.