Millstone Evans Group LLC Takes $29,000 Position in Abrdn Healthcare Investors (NYSE:HQH)

Millstone Evans Group LLC bought a new position in Abrdn Healthcare Investors (NYSE:HQH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,814 shares of the financial services provider’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Abrdn Healthcare Investors in the third quarter valued at approximately $46,000. Wolverine Asset Management LLC acquired a new position in Abrdn Healthcare Investors in the 4th quarter valued at $2,196,000. Raymond James Financial Inc. bought a new position in Abrdn Healthcare Investors in the 4th quarter worth $15,049,000. Steward Partners Investment Advisory LLC lifted its position in Abrdn Healthcare Investors by 20.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,358 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 3,737 shares during the last quarter. Finally, Absolute Investment Advisers LLC bought a new stake in Abrdn Healthcare Investors during the fourth quarter valued at about $1,786,000. 32.60% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Stock Up 0.7 %

Shares of NYSE:HQH opened at $16.85 on Tuesday. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79. The stock’s 50-day moving average is $17.34 and its 200-day moving average is $17.63.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 13.54%. The ex-dividend date of this dividend is Friday, February 21st.

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.