Shares of Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $13.77 and last traded at $14.20, with a volume of 433183 shares changing hands. The stock had previously closed at $14.86.
Abrdn Healthcare Investors Stock Up 3.5 %
The firm's fifty day simple moving average is $16.67 and its 200 day simple moving average is $17.27.
Abrdn Healthcare Investors Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 21st were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 15.38%. The ex-dividend date was Friday, February 21st.
Institutional Trading of Abrdn Healthcare Investors
A number of hedge funds have recently modified their holdings of HQH. RFG Advisory LLC purchased a new position in shares of Abrdn Healthcare Investors during the first quarter valued at $213,000. Milestone Asset Management LLC grew its stake in Abrdn Healthcare Investors by 30.5% during the 1st quarter. Milestone Asset Management LLC now owns 13,746 shares of the financial services provider's stock valued at $223,000 after acquiring an additional 3,215 shares in the last quarter. Nexus Investment Management ULC acquired a new position in shares of Abrdn Healthcare Investors in the 1st quarter valued at about $64,000. Sage Capital Advisors llc lifted its position in shares of Abrdn Healthcare Investors by 5.1% in the first quarter. Sage Capital Advisors llc now owns 23,165 shares of the financial services provider's stock worth $376,000 after purchasing an additional 1,124 shares in the last quarter. Finally, WNY Asset Management LLC boosted its holdings in shares of Abrdn Healthcare Investors by 10.8% during the fourth quarter. WNY Asset Management LLC now owns 144,653 shares of the financial services provider's stock worth $2,322,000 after purchasing an additional 14,065 shares during the period. Hedge funds and other institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Company Profile
(
Get Free Report)
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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