abrdn Healthcare Investors (NYSE:HQH) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of abrdn Healthcare Investors (NYSE:HQH) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.79 and traded as high as $19.64. abrdn Healthcare Investors shares last traded at $19.4890, with a volume of 111,728 shares traded.

abrdn Healthcare Investors Trading Down 0.6%

The stock’s 50-day moving average is $18.79 and its 200-day moving average is $18.97.

abrdn Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th were given a $0.63 dividend. This is an increase from abrdn Healthcare Investors’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 20th. This represents a $2.52 annualized dividend and a yield of 12.9%.

Hedge Funds Weigh In On abrdn Healthcare Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its position in abrdn Healthcare Investors by 14.9% in the 1st quarter. Private Advisor Group LLC now owns 55,718 shares of the financial services provider’s stock valued at $991,000 after acquiring an additional 7,242 shares during the period. Janney Montgomery Scott LLC increased its position in abrdn Healthcare Investors by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 205,248 shares of the financial services provider’s stock valued at $3,651,000 after acquiring an additional 15,350 shares during the period. Uhlmann Price Securities LLC increased its position in abrdn Healthcare Investors by 3.0% in the 1st quarter. Uhlmann Price Securities LLC now owns 26,490 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 779 shares during the period. Invesco Ltd. increased its position in abrdn Healthcare Investors by 17.9% in the 4th quarter. Invesco Ltd. now owns 110,164 shares of the financial services provider’s stock valued at $2,087,000 after acquiring an additional 16,713 shares during the period. Finally, Harbour Wealth Management Group Inc. acquired a new position in abrdn Healthcare Investors in the 4th quarter valued at approximately $277,000. 32.60% of the stock is currently owned by institutional investors and hedge funds.

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.