Wolverine Asset Management LLC Makes New Investment in Abrdn Healthcare Investors (NYSE:HQH)

Wolverine Asset Management LLC bought a new stake in shares of Abrdn Healthcare Investors (NYSE:HQH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 136,831 shares of the financial services provider’s stock, valued at approximately $2,196,000. Wolverine Asset Management LLC owned about 0.27% of Abrdn Healthcare Investors at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James & Associates grew its stake in Abrdn Healthcare Investors by 79.8% during the 3rd quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock worth $6,614,000 after buying an additional 157,618 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Abrdn Healthcare Investors by 3.6% during the third quarter. Private Advisor Group LLC now owns 38,804 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 1,356 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter worth about $682,000. MONECO Advisors LLC bought a new stake in Abrdn Healthcare Investors in the 3rd quarter valued at about $361,000. Finally, Ashton Thomas Securities LLC boosted its stake in Abrdn Healthcare Investors by 3.1% during the 3rd quarter. Ashton Thomas Securities LLC now owns 25,121 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 754 shares during the period. 32.60% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Stock Performance

Shares of NYSE:HQH opened at $17.63 on Friday. The firm’s 50 day moving average is $17.15 and its two-hundred day moving average is $17.96. Abrdn Healthcare Investors has a 52 week low of $15.76 and a 52 week high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.28 dividend on an annualized basis and a yield of 12.93%.

Abrdn Healthcare Investors Company 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.