Truvestments Capital LLC Takes $46,000 Position in Abrdn Healthcare Investors (NYSE:HQH)

Truvestments Capital LLC acquired a new stake in shares of Abrdn Healthcare Investors (NYSE:HQH) during the third quarter, HoldingsChannel reports. The firm acquired 2,496 shares of the financial services provider’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in Abrdn Healthcare Investors during the third quarter worth $57,000. EverSource Wealth Advisors LLC acquired a new position in Abrdn Healthcare Investors during the second quarter worth $93,000. Rothschild Investment LLC acquired a new position in Abrdn Healthcare Investors during the second quarter worth $101,000. Teamwork Financial Advisors LLC acquired a new position in Abrdn Healthcare Investors during the third quarter worth $201,000. Finally, Truist Financial Corp raised its stake in Abrdn Healthcare Investors by 11.9% during the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 1,355 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Trading Up 0.6 %

Abrdn Healthcare Investors stock opened at $17.40 on Thursday. The stock has a fifty day moving average price of $18.26 and a two-hundred day moving average price of $18.10. Abrdn Healthcare Investors has a 52-week low of $14.58 and a 52-week high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.62 per share. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 14.25%. The ex-dividend date of this dividend is 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.