Cyndeo Wealth Partners LLC Sells 25,586 Shares of Abrdn Healthcare Investors (NYSE:HQH)

Cyndeo Wealth Partners LLC lessened its holdings in Abrdn Healthcare Investors (NYSE:HQH) by 40.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,308 shares of the financial services provider’s stock after selling 25,586 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Abrdn Healthcare Investors were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HQH. Atomi Financial Group Inc. increased its holdings in Abrdn Healthcare Investors by 7.2% in the 4th quarter. Atomi Financial Group Inc. now owns 24,920 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 1,680 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Abrdn Healthcare Investors during the 4th quarter valued at approximately $48,000. TD Private Client Wealth LLC bought a new position in shares of Abrdn Healthcare Investors during the 3rd quarter valued at approximately $66,000. Stifel Financial Corp bought a new stake in Abrdn Healthcare Investors in the third quarter worth $188,000. Finally, Needham Investment Management LLC lifted its position in Abrdn Healthcare Investors by 3.1% in the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock worth $4,750,000 after buying an additional 7,729 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Performance

Shares of HQH opened at $17.75 on Friday. The business has a fifty day moving average of $16.96 and a 200 day moving average of $18.03. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were 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 dividend on an annualized basis and a dividend yield of 13.97%. The ex-dividend date of this dividend was Thursday, November 21st.

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.