Abrdn Healthcare Investors (NYSE:HQH) Shares Bought by Truist Financial Corp

Truist Financial Corp increased its holdings in shares of Abrdn Healthcare Investors (NYSE:HQH) by 11.9% in the second quarter, Holdings Channel reports. The firm owned 12,730 shares of the financial services provider’s stock after buying an additional 1,355 shares during the period. Truist Financial Corp’s holdings in Abrdn Healthcare Investors were worth $222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers lifted its stake in Abrdn Healthcare Investors by 46.8% during the 1st quarter. Cetera Investment Advisers now owns 177,208 shares of the financial services provider’s stock worth $2,988,000 after acquiring an additional 56,521 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its stake in shares of Abrdn Healthcare Investors by 155.4% in the second quarter. City of London Investment Management Co. Ltd. now owns 68,971 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 41,971 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of Abrdn Healthcare Investors in the second quarter valued at approximately $1,350,000. Commonwealth Equity Services LLC grew its holdings in shares of Abrdn Healthcare Investors by 3.8% in the first quarter. Commonwealth Equity Services LLC now owns 82,674 shares of the financial services provider’s stock valued at $1,394,000 after purchasing an additional 3,015 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Abrdn Healthcare Investors during the 1st quarter worth approximately $1,974,000. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Price Performance

Shares of HQH stock opened at $18.66 on Friday. Abrdn Healthcare Investors has a 52 week low of $14.31 and a 52 week high of $19.79. The firm has a 50 day moving average of $18.79 and a two-hundred day moving average of $17.77.

Abrdn Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 23rd were issued a $0.59 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 12.65%.

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.