abrdn Healthcare Investors $HQH Stock Position Trimmed by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC trimmed its stake in shares of abrdn Healthcare Investors (NYSE:HQH) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,690 shares of the financial services provider’s stock after selling 4,634 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in abrdn Healthcare Investors were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. raised its position in shares of abrdn Healthcare Investors by 26.9% during the 1st quarter. Raymond James Financial Inc. now owns 1,189,633 shares of the financial services provider’s stock worth $19,320,000 after buying an additional 251,977 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of abrdn Healthcare Investors by 8.5% during the 1st quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider’s stock worth $16,378,000 after buying an additional 78,771 shares in the last quarter. Royal Bank of Canada raised its position in shares of abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after buying an additional 95,441 shares in the last quarter. LPL Financial LLC raised its position in shares of abrdn Healthcare Investors by 24.4% during the 1st quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider’s stock worth $5,700,000 after buying an additional 68,941 shares in the last quarter. Finally, Needham Investment Management LLC raised its position in shares of abrdn Healthcare Investors by 3.7% during the 1st quarter. Needham Investment Management LLC now owns 264,473 shares of the financial services provider’s stock worth $4,295,000 after buying an additional 9,395 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

abrdn Healthcare Investors Stock Performance

HQH stock opened at $18.99 on Monday. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $19.45. The firm’s 50-day moving average is $17.53 and its two-hundred day moving average is $16.30.

abrdn Healthcare Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 22nd were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date was Friday, August 22nd.

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.