abrdn Healthcare Investors (NYSE:HQH) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

abrdn Healthcare Investors (NYSE:HQH)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $21.09 and traded as high as $21.47. abrdn Healthcare Investors shares last traded at $21.2450, with a volume of 116,987 shares changing hands.

abrdn Healthcare Investors Trading Up 1.2%

The business’s fifty day simple moving average is $21.09 and its 200-day simple moving average is $20.32.

abrdn Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 24th were given a $0.66 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.64 annualized dividend and a dividend yield of 12.4%.

Institutional Trading of abrdn Healthcare Investors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management lifted its holdings in abrdn Healthcare Investors by 1.3% during the 2nd quarter. Triumph Capital Management now owns 45,512 shares of the financial services provider’s stock worth $1,000,000 after purchasing an additional 567 shares in the last quarter. Concorde Asset Management LLC boosted its stake in abrdn Healthcare Investors by 6.3% in the 1st quarter. Concorde Asset Management LLC now owns 11,487 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 676 shares during the period. Ashton Thomas Securities LLC grew its holdings in abrdn Healthcare Investors by 6.5% during the 1st quarter. Ashton Thomas Securities LLC now owns 11,592 shares of the financial services provider’s stock valued at $206,000 after buying an additional 712 shares in the last quarter. MGO One Seven LLC grew its holdings in abrdn Healthcare Investors by 2.2% during the 3rd quarter. MGO One Seven LLC now owns 41,104 shares of the financial services provider’s stock valued at $859,000 after buying an additional 878 shares in the last quarter. Finally, Bollard Group LLC purchased a new position in abrdn Healthcare Investors during the 1st quarter valued at about $25,000. 32.60% of the stock is currently owned by institutional investors.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the global healthcare and life sciences industries. Rather than operating healthcare businesses directly, the fund invests in the securities of companies involved in areas such as pharmaceuticals, biotechnology, medical devices, healthcare services and related technologies.

The fund seeks long-term capital appreciation, with current income as a secondary objective. Its portfolio may include common and preferred stocks, convertible securities and other investments issued by healthcare companies at various stages of development.