Sage Capital Advisors llc Sells 4,093 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Sage Capital Advisors llc decreased its stake in shares of Abrdn Healthcare Investors (NYSE:HQHFree Report) by 15.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,529 shares of the financial services provider’s stock after selling 4,093 shares during the period. Sage Capital Advisors llc’s holdings in Abrdn Healthcare Investors were worth $373,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC grew its stake in Abrdn Healthcare Investors by 10.3% in the 1st quarter. HighTower Advisors LLC now owns 18,731 shares of the financial services provider’s stock valued at $387,000 after buying an additional 1,756 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of Abrdn Healthcare Investors by 11.8% in the first quarter. Cetera Advisor Networks LLC now owns 24,506 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 2,585 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Abrdn Healthcare Investors by 89.0% in the first quarter. PNC Financial Services Group Inc. now owns 28,670 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 13,500 shares during the period. NewEdge Advisors LLC lifted its position in shares of Abrdn Healthcare Investors by 33.5% during the 1st quarter. NewEdge Advisors LLC now owns 29,929 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 7,510 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its stake in Abrdn Healthcare Investors by 2.3% during the 1st quarter. Equitable Holdings Inc. now owns 26,340 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 582 shares during the period. 18.55% of the stock is owned by institutional investors.

Abrdn Healthcare Investors Stock Down 1.1 %

HQH opened at $16.58 on Friday. Abrdn Healthcare Investors has a 12-month low of $14.31 and a 12-month high of $17.94. The stock’s 50 day moving average price is $17.14 and its two-hundred day moving average price is $16.15.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 22nd will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.92 dividend on an annualized basis and a yield of 11.58%. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.38.

About Abrdn Healthcare Investors

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Abrdn Healthcare Investors (NYSE:HQH)

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