TD Private Client Wealth LLC Makes New Investment in Abrdn Healthcare Investors (NYSE:HQH)

TD Private Client Wealth LLC purchased a new position in Abrdn Healthcare Investors (NYSE:HQH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,538 shares of the financial services provider’s stock, valued at approximately $66,000.

Several other large investors also recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in shares of Abrdn Healthcare Investors in the third quarter worth about $16,145,000. Raymond James & Associates increased its holdings in shares of Abrdn Healthcare Investors by 79.8% in the third quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock worth $6,614,000 after acquiring an additional 157,618 shares in the last quarter. Needham Investment Management LLC increased its holdings in shares of Abrdn Healthcare Investors by 3.1% in the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock worth $4,750,000 after acquiring an additional 7,729 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Abrdn Healthcare Investors by 36.5% in the third quarter. Advisors Asset Management Inc. now owns 177,820 shares of the financial services provider’s stock worth $3,311,000 after acquiring an additional 47,518 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Abrdn Healthcare Investors by 28.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 90,160 shares of the financial services provider’s stock worth $1,576,000 after acquiring an additional 19,719 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Trading Down 0.8 %

NYSE:HQH opened at $16.97 on Monday. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79. The stock has a 50-day simple moving average of $17.97 and a 200 day simple moving average of $18.14.

Abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Thursday, November 21st. This is an increase 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 14.61%.

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.