abrdn Healthcare Investors $HQH Stock Holdings Lowered by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC reduced its holdings in abrdn Healthcare Investors (NYSE:HQH) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,690 shares of the financial services provider’s stock after selling 4,634 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in abrdn Healthcare Investors were worth $181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Costello Asset Management INC bought a new stake in shares of abrdn Healthcare Investors in the 1st quarter worth approximately $40,000. US Bancorp DE increased its position in shares of abrdn Healthcare Investors by 192.8% in the first quarter. US Bancorp DE now owns 3,733 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 2,458 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of abrdn Healthcare Investors in the second quarter worth approximately $96,000. Integrated Wealth Concepts LLC purchased a new position in shares of abrdn Healthcare Investors in the first quarter worth approximately $166,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of abrdn Healthcare Investors in the first quarter worth approximately $189,000. 32.60% of the stock is currently owned by institutional investors.

abrdn Healthcare Investors Price Performance

abrdn Healthcare Investors stock opened at $18.99 on Monday. The firm’s 50 day simple moving average is $17.53 and its 200-day simple moving average is $16.30. 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 given a $0.51 dividend. 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.

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.