Ashton Thomas Securities LLC Has $375,000 Stock Holdings in Abrdn Healthcare Investors (NYSE:HQH)

Ashton Thomas Securities LLC decreased its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,353 shares of the financial services provider’s stock after selling 1,768 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Abrdn Healthcare Investors were worth $375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of Abrdn Healthcare Investors in the third quarter valued at approximately $46,000. Rockefeller Capital Management L.P. bought a new stake in Abrdn Healthcare Investors in the 3rd quarter valued at $261,000. HighTower Advisors LLC grew its position in Abrdn Healthcare Investors by 13.8% in the 3rd quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 3,220 shares during the last quarter. Needham Investment Management LLC increased its holdings in shares of Abrdn Healthcare Investors by 3.1% during the 3rd quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock worth $4,750,000 after purchasing an additional 7,729 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Abrdn Healthcare Investors during the third quarter worth about $188,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Down 1.7 %

Abrdn Healthcare Investors stock opened at $16.56 on Wednesday. The business has a 50 day moving average price of $17.34 and a two-hundred day moving average price of $17.62. Abrdn Healthcare Investors has a 12 month low of $15.76 and a 12 month high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be given a $0.57 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a yield of 13.77%.

About Abrdn Healthcare Investors

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.