abrdn Healthcare Investors (NYSE:HQH) Reaches New 52-Week High – What’s Next?

Shares of abrdn Healthcare Investors (NYSE:HQHGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $22.31 and last traded at $22.1560, with a volume of 194715 shares. The stock had previously closed at $21.84.

abrdn Healthcare Investors Stock Up 1.4%

The stock’s fifty day moving average price is $20.64 and its two-hundred day moving average price is $19.67.

abrdn Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, May 21st were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 11.0%. The ex-dividend date was Thursday, May 21st.

Institutional Investors Weigh In On abrdn Healthcare Investors

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

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