Wedbush Securities Inc. Sells 182,479 Shares of abrdn Healthcare Investors $HQH

Wedbush Securities Inc. trimmed its position in shares of abrdn Healthcare Investors (NYSE:HQH) by 78.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,403 shares of the financial services provider’s stock after selling 182,479 shares during the quarter. Wedbush Securities Inc.’s holdings in abrdn Healthcare Investors were worth $1,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sage Capital Advisors llc increased its position in shares of abrdn Healthcare Investors by 56.4% in the 3rd quarter. Sage Capital Advisors llc now owns 30,848 shares of the financial services provider’s stock valued at $644,000 after buying an additional 11,121 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in abrdn Healthcare Investors during the 2nd quarter worth $149,000. NewEdge Advisors LLC lifted its holdings in abrdn Healthcare Investors by 8.4% during the second quarter. NewEdge Advisors LLC now owns 164,510 shares of the financial services provider’s stock worth $3,616,000 after acquiring an additional 12,772 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in abrdn Healthcare Investors during the second quarter worth about $149,000. Finally, Turner Financial Group Inc. bought a new position in abrdn Healthcare Investors during the second quarter worth about $388,000. 32.60% of the stock is owned by institutional investors.

abrdn Healthcare Investors Price Performance

NYSE:HQH opened at $20.27 on Monday. abrdn Healthcare Investors has a 1 year low of $17.14 and a 1 year high of $24.85. The stock has a 50-day moving average price of $21.47 and a two-hundred day moving average price of $20.88.

abrdn Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 24th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 13.0%.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the global healthcare and life sciences industries. Rather than operating healthcare businesses directly, the fund invests in the securities of companies involved in areas such as pharmaceuticals, biotechnology, medical devices, healthcare services and related technologies.

The fund seeks long-term capital appreciation, with current income as a secondary objective. Its portfolio may include common and preferred stocks, convertible securities and other investments issued by healthcare companies at various stages of development.