Millstone Evans Group LLC Invests $29,000 in Abrdn Healthcare Investors (NYSE:HQH)

Millstone Evans Group LLC bought a new stake in Abrdn Healthcare Investors (NYSE:HQH) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,814 shares of the financial services provider’s stock, valued at approximately $29,000.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in Abrdn Healthcare Investors in the 3rd quarter valued at approximately $46,000. Rockefeller Capital Management L.P. bought a new stake in shares of Abrdn Healthcare Investors during the third quarter valued at approximately $261,000. HighTower Advisors LLC raised its stake in shares of Abrdn Healthcare Investors by 13.8% in the third quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 3,220 shares in the last quarter. Needham Investment Management LLC lifted its position in Abrdn Healthcare Investors by 3.1% in the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock worth $4,750,000 after purchasing an additional 7,729 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Abrdn Healthcare Investors during the third quarter worth $188,000. 32.60% of the stock is owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Stock Performance

Shares of HQH stock opened at $16.85 on Tuesday. The firm has a fifty day moving average of $17.34 and a 200-day moving average of $17.63. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 13.54%. The ex-dividend date of this dividend is Friday, February 21st.

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.