Wedbush Securities Inc. Grows Stake in abrdn Healthcare Investors $HQH

Wedbush Securities Inc. boosted its holdings in shares of abrdn Healthcare Investors (NYSE:HQH) by 592.4% during the 2nd quarter, Holdings Channel reports. The firm owned 233,882 shares of the financial services provider’s stock after buying an additional 200,104 shares during the period. Wedbush Securities Inc.’s holdings in abrdn Healthcare Investors were worth $4,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Concorde Asset Management LLC lifted its holdings in abrdn Healthcare Investors by 6.3% in the 1st quarter. Concorde Asset Management LLC now owns 11,487 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 676 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in abrdn Healthcare Investors by 6.5% during the 1st quarter. Ashton Thomas Securities LLC now owns 11,592 shares of the financial services provider’s stock valued at $206,000 after buying an additional 712 shares in the last quarter. Uhlmann Price Securities LLC raised its position in shares of abrdn Healthcare Investors by 3.0% during the first quarter. Uhlmann Price Securities LLC now owns 26,490 shares of the financial services provider’s stock valued at $471,000 after buying an additional 779 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of abrdn Healthcare Investors by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after buying an additional 788 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of abrdn Healthcare Investors by 2.1% during the second quarter. NewEdge Advisors LLC now owns 44,130 shares of the financial services provider’s stock valued at $684,000 after buying an additional 897 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Price Performance

HQH stock opened at $22.61 on Friday. The company’s fifty day moving average price is $22.21 and its 200-day moving average price is $20.25. abrdn Healthcare Investors has a one year low of $16.30 and a one year high of $24.85.

abrdn Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Monday, August 24th.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.