Nexus Investment Management ULC Takes $64,000 Position in Abrdn Healthcare Investors (NYSE:HQH)

Nexus Investment Management ULC bought a new position in shares of Abrdn Healthcare Investors (NYSE:HQH) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,940 shares of the financial services provider’s stock, valued at approximately $64,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HQH. Raymond James Financial Inc. purchased a new stake in shares of Abrdn Healthcare Investors in the 4th quarter valued at about $15,049,000. Ameriprise Financial Inc. raised its stake in Abrdn Healthcare Investors by 10.4% in the fourth quarter. Ameriprise Financial Inc. now owns 287,607 shares of the financial services provider’s stock valued at $4,616,000 after purchasing an additional 27,043 shares in the last quarter. LPL Financial LLC raised its stake in Abrdn Healthcare Investors by 65.3% in the fourth quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider’s stock valued at $4,526,000 after purchasing an additional 111,383 shares in the last quarter. Bank of America Corp DE grew its stake in Abrdn Healthcare Investors by 13.3% in the 4th quarter. Bank of America Corp DE now owns 220,516 shares of the financial services provider’s stock worth $3,539,000 after buying an additional 25,805 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Abrdn Healthcare Investors by 16.9% in the 4th quarter. Advisors Asset Management Inc. now owns 207,797 shares of the financial services provider’s stock worth $3,335,000 after buying an additional 29,977 shares in the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Stock Performance

Abrdn Healthcare Investors stock opened at $15.40 on Friday. The firm’s fifty day moving average price is $15.55 and its 200-day moving average price is $16.64. Abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be given a $0.54 dividend. The ex-dividend date is Thursday, May 22nd. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 14.03%.

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.