abrdn Healthcare Investors (NYSE:HQH) Sees Unusually-High Trading Volume – Here’s Why

abrdn Healthcare Investors (NYSE:HQH) saw unusually-strong trading volume on Friday . 159,831 shares changed hands during trading, a decline of 13% from the previous session’s volume of 182,900 shares.The stock last traded at $21.4920 and had previously closed at $21.15.

abrdn Healthcare Investors Stock Up 1.8%

The company has a 50 day moving average of $20.42 and a 200 day moving average of $19.57.

abrdn Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, May 21st were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Thursday, May 21st.

Hedge Funds Weigh In On abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of HQH. 180 Wealth Advisors LLC acquired a new position in abrdn Healthcare Investors during the second quarter worth about $219,000. CoreCap Advisors LLC raised its holdings in abrdn Healthcare Investors by 33.5% in the 2nd quarter. CoreCap Advisors LLC now owns 11,489 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 2,883 shares during the last quarter. NewEdge Advisors LLC raised its holdings in abrdn Healthcare Investors by 32.7% in the 1st quarter. NewEdge Advisors LLC now owns 151,738 shares of the financial services provider’s stock valued at $2,699,000 after acquiring an additional 37,393 shares during the last quarter. Concorde Asset Management LLC raised its holdings in abrdn Healthcare Investors by 6.3% in the 1st quarter. Concorde Asset Management LLC now owns 11,487 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 676 shares during the last quarter. Finally, WNY Asset Management LLC purchased a new position in abrdn Healthcare Investors in the 1st quarter worth approximately $253,000. 32.60% of the stock is owned by hedge funds and other institutional investors.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.