Abrdn Healthcare Investors (NYSE:HQH) Shares Gap Down to $19.29

Abrdn Healthcare Investors (NYSE:HQH)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $19.29, but opened at $18.83. Abrdn Healthcare Investors shares last traded at $18.94, with a volume of 9,052 shares traded.

Abrdn Healthcare Investors Stock Performance

The business’s 50-day moving average is $18.24 and its two-hundred day moving average is $17.28.

Abrdn Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 23rd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 12.43%. The ex-dividend date of this dividend is Friday, August 23rd.

Institutional Investors Weigh In On Abrdn Healthcare Investors

Large investors have recently made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new position in Abrdn Healthcare Investors during the first quarter worth $51,000. EverSource Wealth Advisors LLC acquired a new position in shares of Abrdn Healthcare Investors during the 2nd quarter valued at about $93,000. Rothschild Investment LLC acquired a new position in shares of Abrdn Healthcare Investors during the 2nd quarter valued at about $101,000. Truist Financial Corp grew its holdings in shares of Abrdn Healthcare Investors by 11.9% in the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 1,355 shares during the period. Finally, Apollon Wealth Management LLC increased its position in Abrdn Healthcare Investors by 32.5% during the fourth quarter. Apollon Wealth Management LLC now owns 14,697 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 3,607 shares during the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

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.