NWF Advisory Services Inc. Has $2.57 Million Stake in abrdn Healthcare Investors $HQH

NWF Advisory Services Inc. boosted its stake in shares of abrdn Healthcare Investors (NYSE:HQH) by 34.1% during the third quarter, Holdings Channel reports. The fund owned 138,988 shares of the financial services provider’s stock after acquiring an additional 35,326 shares during the period. NWF Advisory Services Inc.’s holdings in abrdn Healthcare Investors were worth $2,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HQH. Raymond James Financial Inc. increased its stake in shares of abrdn Healthcare Investors by 9.2% in the 2nd quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock valued at $20,131,000 after buying an additional 110,011 shares during the period. Penserra Capital Management LLC raised its holdings in abrdn Healthcare Investors by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,039,237 shares of the financial services provider’s stock worth $16,097,000 after purchasing an additional 30,711 shares during the last quarter. Royal Bank of Canada raised its holdings in abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after purchasing an additional 95,441 shares during the last quarter. Advisors Asset Management Inc. lifted its position in abrdn Healthcare Investors by 32.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 351,359 shares of the financial services provider’s stock valued at $5,443,000 after purchasing an additional 86,924 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of abrdn Healthcare Investors by 7.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 347,070 shares of the financial services provider’s stock valued at $5,372,000 after purchasing an additional 24,492 shares during the last quarter. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Trading Up 0.2%

Shares of NYSE:HQH opened at $19.52 on Tuesday. abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.79. The firm’s 50 day simple moving average is $19.06 and its 200 day simple moving average is $17.91.

abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Friday, November 21st were given a $0.57 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.28 annualized dividend and a dividend yield of 11.7%. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.51.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.