Kingswood Wealth Advisors LLC Has $875,000 Stock Holdings in Abrdn Healthcare Investors (NYSE:HQH)

Kingswood Wealth Advisors LLC increased its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH) by 63.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 54,531 shares of the financial services provider’s stock after purchasing an additional 21,212 shares during the period. Kingswood Wealth Advisors LLC owned approximately 0.11% of Abrdn Healthcare Investors worth $875,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Abrdn Healthcare Investors during the 3rd quarter worth about $46,000. International Assets Investment Management LLC bought a new position in Abrdn Healthcare Investors during the third quarter valued at about $682,000. Sanctuary Advisors LLC bought a new position in Abrdn Healthcare Investors during the second quarter valued at about $939,000. Raymond James & Associates increased its stake in Abrdn Healthcare Investors by 79.8% during the third quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock valued at $6,614,000 after acquiring an additional 157,618 shares during the period. Finally, Truist Financial Corp increased its stake in Abrdn Healthcare Investors by 11.9% during the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 1,355 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Performance

Shares of HQH opened at $17.89 on Wednesday. Abrdn Healthcare Investors has a 12-month low of $15.76 and a 12-month high of $19.79. The stock’s 50-day moving average price is $16.97 and its 200 day moving average price is $18.03.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 13.87%. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Thursday, November 21st.

Abrdn Healthcare Investors 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.