Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.25 and traded as low as $16.54. Abrdn Healthcare Investors shares last traded at $16.74, with a volume of 209,411 shares traded.
Abrdn Healthcare Investors Stock Performance
The firm has a 50 day moving average of $17.23 and a 200-day moving average of $18.06.
Abrdn Healthcare Investors Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, November 21st. This is an increase from Abrdn Healthcare Investors's previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 14.95%.
Institutional Trading of Abrdn Healthcare Investors
Hedge funds and other institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new position in shares of Abrdn Healthcare Investors in the 3rd quarter worth approximately $16,145,000. Raymond James & Associates lifted its holdings in shares of Abrdn Healthcare Investors by 79.8% in the 3rd quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider's stock worth $6,614,000 after acquiring an additional 157,618 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Abrdn Healthcare Investors during the 2nd quarter worth approximately $1,350,000. Sanctuary Advisors LLC purchased a new stake in shares of Abrdn Healthcare Investors during the second quarter worth approximately $939,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Abrdn Healthcare Investors by 36.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 177,820 shares of the financial services provider's stock worth $3,311,000 after acquiring an additional 47,518 shares in the last quarter. Hedge funds and other institutional investors own 32.60% of the company's stock.
About Abrdn Healthcare Investors
(
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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