Wedbush Securities Inc. Increases Stock Holdings in abrdn Healthcare Investors $HQH

Wedbush Securities Inc. lifted its holdings in abrdn Healthcare Investors (NYSE:HQHFree Report) by 592.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 233,882 shares of the financial services provider’s stock after purchasing an additional 200,104 shares during the period. Wedbush Securities Inc. owned about 0.41% of abrdn Healthcare Investors worth $4,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HQH. Bollard Group LLC purchased a new position in abrdn Healthcare Investors during the first quarter valued at $25,000. Geneos Wealth Management Inc. grew its holdings in abrdn Healthcare Investors by 9,232.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 2,862 shares during the period. Advisory Services Network LLC purchased a new stake in abrdn Healthcare Investors in the third quarter worth about $97,000. Global Retirement Partners LLC purchased a new stake in abrdn Healthcare Investors in the fourth quarter worth about $106,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of abrdn Healthcare Investors in the fourth quarter worth about $107,000. Hedge funds and other institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Down 2.5%

HQH stock opened at $22.61 on Friday. The business’s 50-day moving average price is $22.21 and its 200-day moving average price is $20.25. abrdn Healthcare Investors has a twelve month low of $16.30 and a twelve month high of $24.85.

abrdn Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.64 annualized dividend and a yield of 11.7%.

About abrdn Healthcare Investors

(Free Report)

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.

Featured Articles

Institutional Ownership by Quarter for abrdn Healthcare Investors (NYSE:HQH)

Receive News & Ratings for abrdn Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.