Janney Montgomery Scott LLC Raises Stake in abrdn Healthcare Investors (NYSE:HQH)

Janney Montgomery Scott LLC lifted its position in shares of abrdn Healthcare Investors (NYSE:HQH) by 2.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 155,593 shares of the financial services provider’s stock after purchasing an additional 3,144 shares during the quarter. Janney Montgomery Scott LLC’s holdings in abrdn Healthcare Investors were worth $2,527,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in abrdn Healthcare Investors in the 4th quarter worth approximately $15,049,000. LPL Financial LLC boosted its holdings in abrdn Healthcare Investors by 65.3% in the 4th quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider’s stock worth $4,526,000 after acquiring an additional 111,383 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in abrdn Healthcare Investors by 94.6% in 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 period. Prevail Innovative Wealth Advisors LLC purchased a new position in abrdn Healthcare Investors in the 4th quarter worth approximately $590,000. Finally, Landscape Capital Management L.L.C. purchased a new position in abrdn Healthcare Investors in the 4th quarter worth approximately $573,000. Hedge funds and other institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Performance

NYSE HQH opened at $15.54 on Thursday. abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.79. The business has a 50 day moving average price of $15.58 and a two-hundred day moving average price of $16.34.

abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 13.90%. The ex-dividend date is Thursday, May 22nd. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.50.

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.