Cyndeo Wealth Partners LLC Decreases Holdings in Abrdn Healthcare Investors (NYSE:HQH)

Cyndeo Wealth Partners LLC decreased its holdings in Abrdn Healthcare Investors (NYSE:HQH) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,308 shares of the financial services provider’s stock after selling 25,586 shares during the period. Cyndeo Wealth Partners LLC owned 0.08% of Abrdn Healthcare Investors worth $615,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HQH. Penserra Capital Management LLC purchased a new position in Abrdn Healthcare Investors during the third quarter valued at approximately $16,145,000. Raymond James & Associates lifted its holdings in shares of Abrdn Healthcare Investors by 79.8% in the 3rd quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock worth $6,614,000 after acquiring an additional 157,618 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Abrdn Healthcare Investors in the second quarter worth $939,000. Advisors Asset Management Inc. increased its stake in shares of Abrdn Healthcare Investors by 36.5% in the third quarter. Advisors Asset Management Inc. now owns 177,820 shares of the financial services provider’s stock worth $3,311,000 after buying an additional 47,518 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Abrdn Healthcare Investors in the third quarter worth $682,000. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Price Performance

Shares of Abrdn Healthcare Investors stock opened at $17.75 on Friday. The company’s fifty day simple moving average is $16.96 and its two-hundred day simple moving average is $18.03. Abrdn Healthcare Investors has a 12-month low of $15.76 and a 12-month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were given a $0.62 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.97%.

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.