abrdn Healthcare Investors (NYSE:HQH – Get Free Report) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $21.09 and traded as high as $21.47. abrdn Healthcare Investors shares last traded at $21.2450, with a volume of 116,987 shares traded.
abrdn Healthcare Investors Price Performance
The firm’s 50-day simple moving average is $21.09 and its 200 day simple moving average is $20.32.
abrdn Healthcare Investors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th were paid a $0.66 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.64 annualized dividend and a dividend yield of 12.4%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its position in abrdn Healthcare Investors by 15.8% during the third quarter. Kestra Advisory Services LLC now owns 152,632 shares of the financial services provider’s stock worth $3,188,000 after purchasing an additional 20,832 shares during the period. MGO One Seven LLC increased its stake in shares of abrdn Healthcare Investors by 2.2% in the third quarter. MGO One Seven LLC now owns 41,104 shares of the financial services provider’s stock worth $859,000 after purchasing an additional 878 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of abrdn Healthcare Investors by 1.9% in the third quarter. Oppenheimer & Co. Inc. now owns 118,548 shares of the financial services provider’s stock worth $2,476,000 after purchasing an additional 2,244 shares in the last quarter. Samalin Investment Counsel LLC raised its position in shares of abrdn Healthcare Investors by 17.9% in the third quarter. Samalin Investment Counsel LLC now owns 182,351 shares of the financial services provider’s stock valued at $3,809,000 after purchasing an additional 27,735 shares during the period. Finally, Sage Capital Advisors llc raised its position in shares of abrdn Healthcare Investors by 56.4% in the third quarter. Sage Capital Advisors llc now owns 30,848 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 11,121 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.
abrdn Healthcare Investors Company Profile
abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the global healthcare and life sciences industries. Rather than operating healthcare businesses directly, the fund invests in the securities of companies involved in areas such as pharmaceuticals, biotechnology, medical devices, healthcare services and related technologies.
The fund seeks long-term capital appreciation, with current income as a secondary objective. Its portfolio may include common and preferred stocks, convertible securities and other investments issued by healthcare companies at various stages of development.
Read More
- Five stocks we like better than abrdn Healthcare Investors
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
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.
