Needham Investment Management LLC Has $4.75 Million Holdings in Abrdn Healthcare Investors (NYSE:HQH)

Needham Investment Management LLC increased its position in Abrdn Healthcare Investors (NYSE:HQH) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 255,078 shares of the financial services provider’s stock after purchasing an additional 7,729 shares during the quarter. Needham Investment Management LLC owned approximately 0.50% of Abrdn Healthcare Investors worth $4,750,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HQH. Truvestments Capital LLC bought a new stake in Abrdn Healthcare Investors in the third quarter valued at about $46,000. Cetera Investment Advisers lifted its position in shares of Abrdn Healthcare Investors by 46.8% during the 1st quarter. Cetera Investment Advisers now owns 177,208 shares of the financial services provider’s stock worth $2,988,000 after buying an additional 56,521 shares during the period. City of London Investment Management Co. Ltd. boosted its stake in Abrdn Healthcare Investors by 155.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 68,971 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 41,971 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Abrdn Healthcare Investors in the third quarter valued at $682,000. Finally, NINE MASTS CAPITAL Ltd acquired a new position in Abrdn Healthcare Investors during the second quarter worth $1,350,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Down 0.1 %

Shares of NYSE:HQH traded down $0.01 on Tuesday, hitting $17.68. The stock had a trading volume of 153,489 shares, compared to its average volume of 160,791. The firm’s 50 day moving average price is $18.18 and its 200-day moving average price is $18.11. Abrdn Healthcare Investors has a twelve month low of $15.08 and a twelve month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 14.03%.

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.