abrdn Healthcare Investors (NYSE:HQH) Reaches New 12-Month High – What’s Next?

abrdn Healthcare Investors (NYSE:HQH) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.51 and last traded at $20.4240, with a volume of 71573 shares. The stock had previously closed at $20.22.

abrdn Healthcare Investors Stock Up 1.3%

The stock has a 50 day moving average of $19.64 and a two-hundred day moving average of $19.16.

abrdn Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 11.9%. The ex-dividend date is Thursday, May 21st.

Hedge Funds Weigh In On abrdn Healthcare Investors

A number of institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of abrdn Healthcare Investors by 11.5% during the 4th quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock worth $88,705,000 after buying an additional 481,548 shares during the period. Raymond James Financial Inc. raised its holdings in abrdn Healthcare Investors by 9.2% in the 2nd quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock worth $20,131,000 after acquiring an additional 110,011 shares during the period. Royal Bank of Canada lifted its position in abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares during the last quarter. LPL Financial LLC lifted its position in abrdn Healthcare Investors by 23.6% during the 4th quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock worth $9,490,000 after acquiring an additional 95,667 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in abrdn Healthcare Investors by 27.6% during the fourth quarter. Advisors Asset Management Inc. now owns 463,367 shares of the financial services provider’s stock valued at $8,776,000 after acquiring an additional 100,347 shares during the period. Institutional investors own 32.60% of the company’s stock.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.