abrdn Healthcare Investors (NYSE:HQH - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.
abrdn Healthcare Investors Price Performance
The stock's 50-day simple moving average is $15.54 and its 200 day simple moving average is $16.42.
abrdn Healthcare Investors Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This is a positive change from abrdn Healthcare Investors's previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a yield of 14.05%.
Hedge Funds Weigh In On abrdn Healthcare Investors
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smith Asset Management Co. LLC bought a new position in shares of abrdn Healthcare Investors in the first quarter worth about $1,961,000. Goldman Sachs Group Inc. raised its stake in shares of abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider's stock worth $191,000 after acquiring an additional 788 shares during the last quarter. Needham Investment Management LLC raised its stake in shares of abrdn Healthcare Investors by 3.7% in the first quarter. Needham Investment Management LLC now owns 264,473 shares of the financial services provider's stock worth $4,295,000 after acquiring an additional 9,395 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of abrdn Healthcare Investors by 3.0% in the first quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider's stock worth $702,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of abrdn Healthcare Investors in the first quarter worth about $166,000. 32.60% of the stock is currently owned by institutional investors and hedge funds.
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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