Steward Partners Investment Advisory LLC Buys 3,737 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Steward Partners Investment Advisory LLC boosted its stake in shares of Abrdn Healthcare Investors (NYSE:HQH) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,358 shares of the financial services provider’s stock after acquiring an additional 3,737 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Abrdn Healthcare Investors were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its holdings in Abrdn Healthcare Investors by 94.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider’s stock worth $2,797,000 after acquiring an additional 84,731 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Abrdn Healthcare Investors during the 4th quarter worth about $2,196,000. Stratos Wealth Partners LTD. bought a new stake in Abrdn Healthcare Investors during the 4th quarter worth about $187,000. Absolute Investment Advisers LLC bought a new stake in Abrdn Healthcare Investors during the 4th quarter worth about $1,786,000. Finally, Kingswood Wealth Advisors LLC grew its holdings in Abrdn Healthcare Investors by 63.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 54,531 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 21,212 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Price Performance

Shares of NYSE:HQH opened at $16.54 on Friday. Abrdn Healthcare Investors has a 12 month low of $15.76 and a 12 month high of $19.79. The company’s 50-day moving average price is $17.34 and its two-hundred day moving average price is $17.76.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 13.78%. The ex-dividend date is Friday, February 21st.

About Abrdn Healthcare Investors

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.