Prevail Innovative Wealth Advisors LLC Purchases Shares of 36,787 Abrdn Healthcare Investors (NYSE:HQH)

Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Abrdn Healthcare Investors (NYSE:HQH) in the fourth quarter, HoldingsChannel reports. The fund purchased 36,787 shares of the financial services provider’s stock, valued at approximately $590,000.

Other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new stake in Abrdn Healthcare Investors in the 3rd quarter valued at $261,000. HighTower Advisors LLC increased its stake in Abrdn Healthcare Investors by 13.8% during the 3rd quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider’s stock worth $493,000 after buying an additional 3,220 shares in the last quarter. Needham Investment Management LLC raised its holdings in shares of Abrdn Healthcare Investors by 3.1% during the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock valued at $4,750,000 after acquiring an additional 7,729 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Abrdn Healthcare Investors in the third quarter valued at approximately $188,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Abrdn Healthcare Investors during the third quarter worth approximately $66,000. 32.60% of the stock is owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Stock Performance

Shares of HQH stock opened at $16.49 on Monday. Abrdn Healthcare Investors has a fifty-two week low of $15.76 and a fifty-two week high of $19.79. The stock’s fifty day moving average is $17.32 and its two-hundred day moving average is $17.58.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, February 21st. This represents a $2.28 dividend on an annualized basis and a yield of 13.83%.

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.