Abrdn Healthcare Investors (NYSE:HQH) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC trimmed its position in shares of Abrdn Healthcare Investors (NYSE:HQH) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,531 shares of the financial services provider’s stock after selling 1,800 shares during the period. Milestone Asset Management LLC’s holdings in Abrdn Healthcare Investors were worth $169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter valued at $46,000. FNY Investment Advisers LLC purchased a new stake in Abrdn Healthcare Investors during the fourth quarter worth about $48,000. Northwest Investment Counselors LLC acquired a new stake in shares of Abrdn Healthcare Investors during the third quarter worth about $57,000. TD Private Client Wealth LLC purchased a new position in shares of Abrdn Healthcare Investors in the third quarter valued at approximately $66,000. Finally, Stifel Financial Corp acquired a new position in shares of Abrdn Healthcare Investors in the third quarter valued at approximately $188,000. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Stock Up 0.5 %

Shares of HQH opened at $18.01 on Friday. Abrdn Healthcare Investors has a fifty-two week low of $15.76 and a fifty-two week high of $19.79. The firm’s 50 day moving average price is $16.98 and its 200 day moving average price is $18.03.

Abrdn Healthcare Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were paid a $0.62 dividend. This is a boost from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 13.77%. The ex-dividend date was Thursday, November 21st.

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.