abrdn Healthcare Investors (NYSE:HQH) Shares Gap Down – Should You Sell?

abrdn Healthcare Investors (NYSE:HQHGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $20.00, but opened at $19.03. abrdn Healthcare Investors shares last traded at $19.3050, with a volume of 25,178 shares changing hands.

abrdn Healthcare Investors Stock Down 0.6%

The business’s 50 day moving average price is $19.07 and its 200-day moving average price is $19.05.

abrdn Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, May 21st will be paid a $0.61 dividend. The ex-dividend date is Thursday, May 21st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC raised its stake in shares of abrdn Healthcare Investors by 6.5% in the first quarter. Ashton Thomas Securities LLC now owns 11,592 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 712 shares during the last quarter. Uhlmann Price Securities LLC raised its stake in shares of abrdn Healthcare Investors by 3.0% in the first quarter. Uhlmann Price Securities LLC now owns 26,490 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 779 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 788 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of abrdn Healthcare Investors by 2.1% in the second quarter. NewEdge Advisors LLC now owns 44,130 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 897 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of abrdn Healthcare Investors by 2.8% in the fourth quarter. Guggenheim Capital LLC now owns 33,748 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 929 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for abrdn Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.