Ameritas Advisory Services LLC Makes New Investment in abrdn Healthcare Investors $HQH

Ameritas Advisory Services LLC bought a new position in shares of abrdn Healthcare Investors (NYSE:HQH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,175 shares of the financial services provider’s stock, valued at approximately $96,000.

A number of other hedge funds have also modified their holdings of HQH. Raymond James Financial Inc. grew its position in abrdn Healthcare Investors by 26.9% in the 1st quarter. Raymond James Financial Inc. now owns 1,189,633 shares of the financial services provider’s stock valued at $19,320,000 after buying an additional 251,977 shares during the last quarter. Smith Asset Management Co. LLC acquired a new position in shares of abrdn Healthcare Investors during the 1st quarter worth $1,961,000. Royal Bank of Canada raised its stake in shares of 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 buying an additional 95,441 shares during the last quarter. Penserra Capital Management LLC raised its stake in abrdn Healthcare Investors by 8.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider’s stock valued at $16,378,000 after purchasing an additional 78,771 shares during the last quarter. Finally, LPL Financial LLC raised its stake in abrdn Healthcare Investors by 24.4% in the 1st quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider’s stock valued at $5,700,000 after purchasing an additional 68,941 shares during the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Healthcare Investors Stock Down 1.1%

NYSE HQH opened at $18.72 on Friday. abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.17. The company has a 50-day moving average of $16.91 and a 200-day moving average of $16.05.

abrdn Healthcare Investors Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.9%.

abrdn Healthcare Investors 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.