PNC Financial Services Group Inc. reduced its holdings in Abrdn Healthcare Investors (NYSE:HQH – Free Report) by 13.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 26,892 shares of the financial services provider’s stock after selling 4,097 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.06% of Abrdn Healthcare Investors worth $418,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Atomi Financial Group Inc. lifted its position in Abrdn Healthcare Investors by 11.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 20,094 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 1,992 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its position in Abrdn Healthcare Investors by 13.5% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 22,140 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 2,640 shares during the last quarter. Cornerstone Advisors LLC lifted its position in Abrdn Healthcare Investors by 54.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 439,379 shares of the financial services provider’s stock valued at $6,832,000 after purchasing an additional 154,220 shares during the last quarter. Landscape Capital Management L.L.C. lifted its position in Abrdn Healthcare Investors by 55.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 82,629 shares of the financial services provider’s stock valued at $1,285,000 after purchasing an additional 29,532 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Abrdn Healthcare Investors by 1.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 82,312 shares of the financial services provider’s stock valued at $1,280,000 after purchasing an additional 1,566 shares during the last quarter. 18.55% of the stock is currently owned by institutional investors.
Abrdn Healthcare Investors Trading Down 1.6 %
Shares of NYSE:HQH opened at $16.82 on Friday. The company’s 50-day moving average price is $17.08 and its 200 day moving average price is $16.15. Abrdn Healthcare Investors has a fifty-two week low of $14.31 and a fifty-two week high of $18.27.
Abrdn Healthcare Investors Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.42%. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, February 21st.
Abrdn Healthcare Investors 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.
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Source: americanbankingnews.com
