Sage Capital Advisors llc Decreases Stock Position in Abrdn Healthcare Investors (NYSE:HQH)

Sage Capital Advisors llc lowered its position in shares of Abrdn Healthcare Investors (NYSE:HQH) by 23.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,041 shares of the financial services provider’s stock after selling 6,692 shares during the period. Sage Capital Advisors llc’s holdings in Abrdn Healthcare Investors were worth $354,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Abrdn Healthcare Investors during the 3rd quarter worth $46,000. Northwest Investment Counselors LLC acquired a new position in shares of Abrdn Healthcare Investors in the third quarter worth about $57,000. TD Private Client Wealth LLC purchased a new position in Abrdn Healthcare Investors in the third quarter valued at about $66,000. EverSource Wealth Advisors LLC acquired a new stake in Abrdn Healthcare Investors during the 2nd quarter valued at approximately $93,000. Finally, Stifel Financial Corp purchased a new stake in Abrdn Healthcare Investors during the 3rd quarter worth approximately $188,000. 32.60% of the stock is owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Trading Down 0.8 %

NYSE HQH traded down $0.14 during trading hours on Friday, reaching $16.58. 123,671 shares of the company traded hands, compared to its average volume of 271,497. The company has a 50 day moving average of $17.23 and a two-hundred day moving average of $18.06. Abrdn Healthcare Investors has a 12 month low of $15.76 and a 12 month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 14.96%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59.

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.