abrdn Healthcare Investors $HQH Shares Bought by WNY Asset Management LLC

WNY Asset Management LLC lifted its holdings in shares of abrdn Healthcare Investors (NYSE:HQH) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,926 shares of the financial services provider’s stock after buying an additional 17,421 shares during the period. WNY Asset Management LLC’s holdings in abrdn Healthcare Investors were worth $3,097,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. boosted its stake in shares of abrdn Healthcare Investors by 26.9% during the first 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 during the period. Penserra Capital Management LLC boosted its stake in shares of abrdn Healthcare Investors by 8.5% during the first 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 during the period. Royal Bank of Canada boosted its stake in shares of abrdn Healthcare Investors by 22.0% during the first 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 during the period. LPL Financial LLC boosted its stake in shares of abrdn Healthcare Investors by 24.4% during the first 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 during the period. Finally, Needham Investment Management LLC boosted its stake in shares of abrdn Healthcare Investors by 3.7% during the first 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 during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Trading Up 1.6%

Shares of HQH opened at $19.61 on Wednesday. abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.63. The firm has a 50-day simple moving average of $17.64 and a 200-day simple moving average of $16.37.

abrdn Healthcare Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.51 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.04 annualized dividend and a dividend yield of 10.4%.

abrdn Healthcare Investors Company 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.