Uhlmann Price Securities LLC Lowers Holdings in abrdn Healthcare Investors $HQH

Uhlmann Price Securities LLC reduced its stake in shares of abrdn Healthcare Investors (NYSE:HQH) by 5.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,272 shares of the financial services provider’s stock after selling 1,461 shares during the period. Uhlmann Price Securities LLC’s holdings in abrdn Healthcare Investors were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its position in abrdn Healthcare Investors by 26.9% during the 1st quarter. Raymond James Financial Inc. now owns 1,189,633 shares of the financial services provider’s stock worth $19,320,000 after purchasing an additional 251,977 shares during the period. Penserra Capital Management LLC grew its position in abrdn Healthcare Investors by 8.5% during the 1st quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider’s stock worth $16,378,000 after purchasing an additional 78,771 shares during the period. Royal Bank of Canada grew its position in abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after purchasing an additional 95,441 shares during the period. LPL Financial LLC grew its position in abrdn Healthcare Investors by 24.4% during the 1st quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider’s stock worth $5,700,000 after purchasing an additional 68,941 shares during the period. Finally, Needham Investment Management LLC grew its position in abrdn Healthcare Investors by 3.7% during the 1st quarter. Needham Investment Management LLC now owns 264,473 shares of the financial services provider’s stock worth $4,295,000 after purchasing an additional 9,395 shares during the period. 32.60% of the stock is owned by institutional investors and hedge funds.

abrdn Healthcare Investors Stock Down 0.2%

Shares of HQH opened at $19.00 on Monday. The business’s 50-day moving average is $17.24 and its two-hundred day moving average is $16.14. abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.45.

abrdn Healthcare Investors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend was Friday, August 22nd.

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.