Wealthfront Advisers LLC Purchases Shares of 7,348 Abrdn Healthcare Investors (NYSE:HQH)

Wealthfront Advisers LLC purchased a new stake in shares of Abrdn Healthcare Investors (NYSE:HQH) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,348 shares of the financial services provider’s stock, valued at approximately $118,000.

Several other large investors have also added to or reduced their stakes in HQH. Raymond James Financial Inc. purchased a new stake in Abrdn Healthcare Investors during the 4th quarter valued at about $15,049,000. Penserra Capital Management LLC purchased a new stake in shares of Abrdn Healthcare Investors in the third quarter worth about $16,145,000. Wolverine Asset Management LLC purchased a new stake in shares of Abrdn Healthcare Investors in the fourth quarter worth about $2,196,000. Absolute Investment Advisers LLC purchased a new stake in shares of Abrdn Healthcare Investors in the fourth quarter worth about $1,786,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Abrdn Healthcare Investors by 94.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider’s stock worth $2,797,000 after buying an additional 84,731 shares during the last quarter. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Performance

Shares of HQH opened at $16.81 on Tuesday. Abrdn Healthcare Investors has a 52 week low of $15.76 and a 52 week high of $19.79. The stock’s 50-day moving average price is $17.34 and its 200-day moving average price is $17.71.

Abrdn Healthcare Investors Cuts Dividend

The business 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. The ex-dividend date is Friday, February 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 13.56%.

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.