Abrdn Healthcare Investors (NYSE:HQH) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its stake in Abrdn Healthcare Investors (NYSE:HQH) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,516 shares of the financial services provider’s stock after purchasing an additional 25,805 shares during the period. Bank of America Corp DE’s holdings in Abrdn Healthcare Investors were worth $3,539,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at $29,000. Brown Brothers Harriman & Co. acquired a new stake in Abrdn Healthcare Investors during the fourth quarter worth about $48,000. Wealthfront Advisers LLC acquired a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at about $118,000. Comerica Bank grew its stake in shares of Abrdn Healthcare Investors by 17.3% in the fourth quarter. Comerica Bank now owns 7,504 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,105 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at about $187,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Price Performance

Shares of HQH opened at $15.23 on Friday. Abrdn Healthcare Investors has a one year low of $13.77 and a one year high of $19.79. The stock has a 50-day moving average price of $15.52 and a 200 day moving average price of $16.61.

Abrdn Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 14.18%. The ex-dividend date of this dividend is Thursday, May 22nd. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.50.

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.