Abrdn Healthcare Investors (NYSE:HQH) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its position in shares of Abrdn Healthcare Investors (NYSE:HQH) by 54.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,700 shares of the financial services provider’s stock after selling 49,460 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Abrdn Healthcare Investors were worth $755,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Abrdn Healthcare Investors during the 3rd quarter worth $46,000. City of London Investment Management Co. Ltd. boosted its position in shares of Abrdn Healthcare Investors by 155.4% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 68,971 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 41,971 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Abrdn Healthcare Investors in the 3rd quarter valued at about $682,000. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Abrdn Healthcare Investors during the 2nd quarter worth about $1,350,000. Finally, Sanctuary Advisors LLC purchased a new stake in Abrdn Healthcare Investors during the second quarter worth approximately $939,000. 32.60% of the stock is owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Stock Down 3.1 %

Shares of HQH opened at $16.30 on Thursday. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79. The stock has a 50 day moving average price of $17.87 and a 200 day moving average price of $18.13.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 15.21%. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date is 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.