Abrdn Healthcare Investors (NYSE:HQH) Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC decreased its holdings in Abrdn Healthcare Investors (NYSE:HQH) by 62.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,240 shares of the financial services provider’s stock after selling 52,262 shares during the period. Cornerstone Advisors LLC owned approximately 0.06% of Abrdn Healthcare Investors worth $545,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. RPO LLC lifted its position in Abrdn Healthcare Investors by 1.5% during the fourth quarter. RPO LLC now owns 382,486 shares of the financial services provider’s stock worth $6,338,000 after buying an additional 5,695 shares in the last quarter. Quantedge Capital Pte Ltd increased its stake in shares of Abrdn Healthcare Investors by 42.5% in the 4th quarter. Quantedge Capital Pte Ltd now owns 209,600 shares of the financial services provider’s stock worth $3,473,000 after acquiring an additional 62,500 shares during the last quarter. Raymond James & Associates boosted its position in shares of Abrdn Healthcare Investors by 0.9% during the 2nd quarter. Raymond James & Associates now owns 197,587 shares of the financial services provider’s stock valued at $3,450,000 after acquiring an additional 1,847 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Abrdn Healthcare Investors by 46.8% in the first quarter. Cetera Investment Advisers now owns 177,208 shares of the financial services provider’s stock valued at $2,988,000 after purchasing an additional 56,521 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Abrdn Healthcare Investors by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 162,986 shares of the financial services provider’s stock valued at $2,748,000 after purchasing an additional 5,489 shares during the period. 32.60% of the stock is owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Stock Down 0.6 %

Shares of HQH stock opened at $19.01 on Wednesday. The firm’s 50-day moving average is $18.76 and its two-hundred day moving average is $17.48. Abrdn Healthcare Investors has a 12 month low of $14.31 and a 12 month high of $19.79.

Abrdn Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 23rd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 12.41%. The ex-dividend date is Friday, August 23rd.

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.