Abrdn Healthcare Investors (NYSE:HQH - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $15.75 and last traded at $15.80, with a volume of 2909 shares trading hands. The stock had previously closed at $15.85.
Abrdn Healthcare Investors Stock Down 5.9 %
The business has a 50 day moving average of $17.16 and a 200 day moving average of $17.47.
Abrdn Healthcare Investors Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 21st were given a $0.57 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.28 annualized dividend and a dividend yield of 15.37%.
Hedge Funds Weigh In On Abrdn Healthcare Investors
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millstone Evans Group LLC bought a new stake in Abrdn Healthcare Investors during the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in shares of Abrdn Healthcare Investors in the 4th quarter valued at approximately $48,000. Brown Brothers Harriman & Co. bought a new stake in shares of Abrdn Healthcare Investors during the fourth quarter valued at approximately $48,000. TD Private Client Wealth LLC purchased a new stake in Abrdn Healthcare Investors in the third quarter worth $66,000. Finally, CoreCap Advisors LLC grew its stake in Abrdn Healthcare Investors by 175.8% in the fourth quarter. CoreCap Advisors LLC now owns 7,262 shares of the financial services provider's stock worth $117,000 after purchasing an additional 4,629 shares during the period. Hedge funds and other institutional investors own 32.60% of the company's stock.
About Abrdn Healthcare Investors
(
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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.
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