NewEdge Advisors LLC Acquires 37,393 Shares of abrdn Healthcare Investors $HQH

NewEdge Advisors LLC lifted its stake in abrdn Healthcare Investors (NYSE:HQH) by 32.7% during the 1st quarter, HoldingsChannel reports. The fund owned 151,738 shares of the financial services provider’s stock after buying an additional 37,393 shares during the period. NewEdge Advisors LLC’s holdings in abrdn Healthcare Investors were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Concorde Asset Management LLC boosted its holdings in abrdn Healthcare Investors by 6.3% in the 1st quarter. Concorde Asset Management LLC now owns 11,487 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 676 shares during the period. Ashton Thomas Securities LLC increased its holdings in shares of abrdn Healthcare Investors by 6.5% during the 1st quarter. Ashton Thomas Securities LLC now owns 11,592 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 712 shares during the period. Uhlmann Price Securities LLC increased its holdings in shares of abrdn Healthcare Investors by 3.0% during the 1st quarter. Uhlmann Price Securities LLC now owns 26,490 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 779 shares during the period. Goldman Sachs Group Inc. raised its position in shares of abrdn Healthcare Investors by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after buying an additional 788 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of abrdn Healthcare Investors by 2.8% during the fourth quarter. Guggenheim Capital LLC now owns 33,748 shares of the financial services provider’s stock valued at $639,000 after buying an additional 929 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Trading Up 0.7%

NYSE HQH opened at $23.61 on Friday. abrdn Healthcare Investors has a twelve month low of $16.01 and a twelve month high of $23.69. The firm has a 50-day simple moving average of $21.28 and a 200 day simple moving average of $19.91.

abrdn Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.64 annualized dividend and a yield of 11.2%.

abrdn Healthcare Investors Profile

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.