Ashton Thomas Securities LLC Has $375,000 Stake in Abrdn Healthcare Investors (NYSE:HQH)

Ashton Thomas Securities LLC reduced its holdings in Abrdn Healthcare Investors (NYSE:HQH) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,353 shares of the financial services provider’s stock after selling 1,768 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Abrdn Healthcare Investors were worth $375,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at $15,049,000. LPL Financial LLC lifted its position in shares of Abrdn Healthcare Investors by 65.3% during the fourth quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider’s stock worth $4,526,000 after purchasing an additional 111,383 shares in the last quarter. Needham Investment Management LLC grew its stake in shares of Abrdn Healthcare Investors by 3.1% during the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock valued at $4,750,000 after purchasing an additional 7,729 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Abrdn Healthcare Investors by 16.9% in the fourth quarter. Advisors Asset Management Inc. now owns 207,797 shares of the financial services provider’s stock valued at $3,335,000 after purchasing an additional 29,977 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Abrdn Healthcare Investors by 94.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 174,268 shares of the financial services provider’s stock valued at $2,797,000 after purchasing an additional 84,731 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Stock Down 1.7 %

NYSE:HQH opened at $16.56 on Wednesday. The stock’s fifty day moving average price is $17.34 and its two-hundred day moving average price is $17.62. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 13.77%. The ex-dividend date is Friday, February 21st.

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.