abrdn Healthcare Investors $HQH Shares Sold by NWF Advisory Services Inc.

NWF Advisory Services Inc. reduced its stake in abrdn Healthcare Investors (NYSE:HQH) by 26.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,618 shares of the financial services provider’s stock after selling 36,370 shares during the period. NWF Advisory Services Inc. owned 0.19% of abrdn Healthcare Investors worth $1,944,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of abrdn Healthcare Investors by 11.5% during the 4th quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock worth $88,705,000 after purchasing an additional 481,548 shares during the period. Wolverine Asset Management LLC acquired a new position in abrdn Healthcare Investors during the 4th quarter valued at approximately $2,780,000. Raymond James Financial Inc. boosted its position in abrdn Healthcare Investors by 9.2% during the 2nd quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock valued at $20,131,000 after purchasing an additional 110,011 shares during the period. Advisors Asset Management Inc. grew its stake in abrdn Healthcare Investors by 27.6% during the 4th quarter. Advisors Asset Management Inc. now owns 463,367 shares of the financial services provider’s stock worth $8,776,000 after buying an additional 100,347 shares during the last quarter. Finally, LPL Financial LLC grew its stake in abrdn Healthcare Investors by 23.6% during the 4th quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock worth $9,490,000 after buying an additional 95,667 shares during the last quarter. 32.60% of the stock is owned by institutional investors.

abrdn Healthcare Investors Stock Down 0.0%

Shares of NYSE HQH opened at $20.18 on Friday. abrdn Healthcare Investors has a 1-year low of $15.09 and a 1-year high of $20.46. The business’s fifty day moving average price is $19.61 and its two-hundred day moving average price is $19.15.

abrdn Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, May 21st. This represents a $2.44 annualized dividend and a dividend yield of 12.1%.

abrdn Healthcare Investors Profile

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.