Kingswood Wealth Advisors LLC Buys 21,212 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Kingswood Wealth Advisors LLC grew its stake in Abrdn Healthcare Investors (NYSE:HQH) by 63.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,531 shares of the financial services provider’s stock after purchasing an additional 21,212 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Abrdn Healthcare Investors were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HQH. Penserra Capital Management LLC bought a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter valued at approximately $16,145,000. Raymond James & Associates boosted its holdings in shares of Abrdn Healthcare Investors by 79.8% in the 3rd 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. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Healthcare Investors in the 2nd quarter worth approximately $939,000. Advisors Asset Management Inc. boosted its holdings in shares of Abrdn Healthcare Investors by 36.5% in the 3rd 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, International Assets Investment Management LLC acquired a new position in shares of Abrdn Healthcare Investors in the 3rd quarter worth approximately $682,000. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Price Performance

Shares of HQH opened at $17.89 on Wednesday. Abrdn Healthcare Investors has a one year low of $15.76 and a one year high of $19.79. The business’s 50 day simple moving average is $16.97 and its 200-day simple moving average is $18.03.

Abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were issued a $0.62 dividend. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 13.87%. The ex-dividend date of this dividend was Thursday, November 21st.

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.