Abrdn Healthcare Investors (NYSE:HQH) Sets New 12-Month High at $19.79

Abrdn Healthcare Investors (NYSE:HQH)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.79 and last traded at $19.72, with a volume of 9748 shares trading hands. The stock had previously closed at $19.67.

Abrdn Healthcare Investors Price Performance

The company has a 50 day simple moving average of $18.24 and a 200 day simple moving average of $17.28.

Abrdn Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 23rd will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend is Friday, August 23rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its position in shares of Abrdn Healthcare Investors by 3.1% during the 2nd quarter. Private Advisor Group LLC now owns 37,448 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 1,140 shares during the last quarter. Truist Financial Corp increased its holdings in Abrdn Healthcare Investors by 11.9% during the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock worth $222,000 after buying an additional 1,355 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in Abrdn Healthcare Investors by 7.9% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 23,900 shares of the financial services provider’s stock worth $396,000 after acquiring an additional 1,760 shares in the last quarter. Raymond James & Associates lifted its stake in Abrdn Healthcare Investors by 0.9% in the second quarter. Raymond James & Associates now owns 197,587 shares of the financial services provider’s stock valued at $3,450,000 after acquiring an additional 1,847 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in shares of Abrdn Healthcare Investors by 20.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 17,470 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 2,928 shares during the period. Institutional investors own 32.60% of the company’s stock.

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.