abrdn Healthcare Investors $HQH Shares Purchased by WNY Asset Management LLC

WNY Asset Management LLC increased its position in shares of abrdn Healthcare Investors (NYSE:HQH) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,926 shares of the financial services provider’s stock after purchasing an additional 17,421 shares during the period. WNY Asset Management LLC owned 0.37% of abrdn Healthcare Investors worth $3,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of abrdn Healthcare Investors by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 28,687 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 2,438 shares in the last quarter. Stephens Inc. AR grew its stake in shares of abrdn Healthcare Investors by 13.4% during the second quarter. Stephens Inc. AR now owns 32,917 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 3,888 shares in the last quarter. RFG Advisory LLC boosted its stake in abrdn Healthcare Investors by 8.8% in the second quarter. RFG Advisory LLC now owns 14,276 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 1,149 shares in the last quarter. WESPAC Advisors LLC boosted its stake in abrdn Healthcare Investors by 6.1% in the second quarter. WESPAC Advisors LLC now owns 26,097 shares of the financial services provider’s stock valued at $404,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Abel Hall LLC acquired a new position in abrdn Healthcare Investors in the second quarter valued at $511,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Performance

NYSE HQH opened at $19.61 on Wednesday. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $19.63. The company has a fifty day moving average of $17.64 and a two-hundred day moving average of $16.37.

abrdn Healthcare Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 22nd were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 10.4%. The ex-dividend date was Friday, August 22nd.

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.