Abrdn Healthcare Investors (NYSE:HQH) Shares Pass Below 50-Day Moving Average of $17.02

Abrdn Healthcare Investors (NYSE:HQHGet Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.02 and traded as low as $16.83. Abrdn Healthcare Investors shares last traded at $16.86, with a volume of 109,825 shares traded.

Abrdn Healthcare Investors Price Performance

The firm has a 50-day moving average price of $17.02 and a 200-day moving average price of $16.17.

Abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 11.39%. The ex-dividend date of this dividend was Wednesday, February 21st. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.38.

Hedge Funds Weigh In On Abrdn Healthcare Investors

Hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its stake in shares of Abrdn Healthcare Investors by 22.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 86,031 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 15,590 shares during the period. Quarry LP boosted its stake in Abrdn Healthcare Investors by 41.4% in the 4th quarter. Quarry LP now owns 74,292 shares of the financial services provider’s stock worth $1,231,000 after purchasing an additional 21,760 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Abrdn Healthcare Investors by 259.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 39,430 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 28,463 shares during the period. Royal Bank of Canada boosted its stake in Abrdn Healthcare Investors by 4.3% in the 4th quarter. Royal Bank of Canada now owns 469,916 shares of the financial services provider’s stock worth $7,786,000 after purchasing an additional 19,459 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Abrdn Healthcare Investors by 4.8% in the 4th quarter. Kestra Advisory Services LLC now owns 33,098 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 1,513 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

(Get 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.

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