Abrdn Healthcare Investors (NYSE:HQH) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC decreased its stake in shares of Abrdn Healthcare Investors (NYSE:HQH) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,531 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Milestone Asset Management LLC’s holdings in Abrdn Healthcare Investors were worth $169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HQH. B. Riley Wealth Advisors Inc. boosted its position in shares of Abrdn Healthcare Investors by 28.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 90,160 shares of the financial services provider’s stock valued at $1,576,000 after acquiring an additional 19,719 shares during the last quarter. Truist Financial Corp raised 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 worth $222,000 after purchasing an additional 1,355 shares during the period. Sanctuary Advisors LLC acquired a new position in Abrdn Healthcare Investors in the 2nd quarter valued at about $939,000. Sage Capital Advisors llc grew its stake in shares of Abrdn Healthcare Investors by 4.7% in the 3rd quarter. Sage Capital Advisors llc now owns 28,733 shares of the financial services provider’s stock valued at $535,000 after buying an additional 1,289 shares during the period. Finally, Teamwork Financial Advisors LLC purchased a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter valued at approximately $201,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Up 0.5 %

HQH stock opened at $18.01 on Friday. Abrdn Healthcare Investors has a one year low of $15.76 and a one year high of $19.79. The firm’s 50 day moving average price is $16.98 and its 200-day moving average price is $18.03.

Abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 21st were given a $0.62 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a yield of 13.77%. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59.

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.