Moloney Securities Asset Management LLC Sells 602 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Moloney Securities Asset Management LLC decreased its position in Abrdn Healthcare Investors (NYSE:HQH) by 5.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,296 shares of the financial services provider’s stock after selling 602 shares during the period. Moloney Securities Asset Management LLC’s holdings in Abrdn Healthcare Investors were worth $180,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HQH. Northwest Investment Counselors LLC acquired a new position in shares of Abrdn Healthcare Investors in the 1st quarter valued at about $51,000. Apollon Wealth Management LLC lifted its stake in Abrdn Healthcare Investors by 32.5% in the fourth quarter. Apollon Wealth Management LLC now owns 14,697 shares of the financial services provider’s stock valued at $244,000 after buying an additional 3,607 shares during the period. Foundations Investment Advisors LLC lifted its stake in Abrdn Healthcare Investors by 20.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 17,470 shares of the financial services provider’s stock valued at $303,000 after buying an additional 2,928 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Abrdn Healthcare Investors by 99.6% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 20,801 shares of the financial services provider’s stock worth $351,000 after buying an additional 10,381 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Abrdn Healthcare Investors by 60.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,673 shares of the financial services provider’s stock worth $359,000 after buying an additional 8,138 shares during the period. Institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Trading Down 1.2 %

Abrdn Healthcare Investors stock opened at $18.95 on Friday. Abrdn Healthcare Investors has a 12-month low of $14.31 and a 12-month high of $19.79. The firm’s fifty day moving average is $18.45 and its 200 day moving average is $17.35.

Abrdn Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.36 annualized dividend and a dividend yield of 12.45%.

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.