abrdn Healthcare Investors (NYSE:HQH) Stock Passes Below Fifty Day Moving Average - Here's Why

abrdn Healthcare Investors (NYSE:HQH - Get Free Report)'s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.54 and traded as low as $15.32. abrdn Healthcare Investors shares last traded at $15.37, with a volume of 174,552 shares.

abrdn Healthcare Investors Trading Down 0.6%

The company has a fifty day moving average of $15.57 and a 200 day moving average of $16.38.

abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 14.12%. The ex-dividend date is Thursday, May 22nd. This is an increase from abrdn Healthcare Investors's previous quarterly dividend of $0.50.

Institutional Investors Weigh In On abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently bought and sold shares of HQH. Raymond James Financial Inc. bought a new stake in abrdn Healthcare Investors in the fourth quarter worth about $15,049,000. Wolverine Asset Management LLC bought a new stake in shares of abrdn Healthcare Investors in the 4th quarter worth approximately $2,196,000. Smith Asset Management Co. LLC bought a new stake in shares of abrdn Healthcare Investors in the 1st quarter worth approximately $1,961,000. LPL Financial LLC raised its holdings in shares of abrdn Healthcare Investors by 65.3% in the 4th quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider's stock worth $4,526,000 after purchasing an additional 111,383 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of abrdn Healthcare Investors by 22.0% in the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider's stock worth $8,604,000 after purchasing an additional 95,441 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

abrdn Healthcare Investors Company Profile

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.