abrdn Healthcare Investors (NYSE:HQH) Reaches New 52-Week High – Should You Buy?

Shares of abrdn Healthcare Investors (NYSE:HQH) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.67 and last traded at $24.5660, with a volume of 51189 shares trading hands. The stock had previously closed at $23.98.

abrdn Healthcare Investors Stock Down 3.4%

The stock has a fifty day moving average of $21.78 and a 200 day moving average of $20.08.

abrdn Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 24th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, August 24th. This represents a $2.64 annualized dividend and a dividend yield of 11.1%.

Institutional Trading of abrdn Healthcare Investors

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in shares of abrdn Healthcare Investors by 11.5% in the fourth 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. Wedbush Securities Inc. boosted its holdings in abrdn Healthcare Investors by 592.4% during the 2nd quarter. Wedbush Securities Inc. now owns 233,882 shares of the financial services provider’s stock valued at $4,530,000 after acquiring an additional 200,104 shares during the period. Wolverine Asset Management LLC bought a new position in abrdn Healthcare Investors in the 4th quarter valued at $2,780,000. Raymond James Financial Inc. grew its position 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 valued at $20,131,000 after acquiring an additional 110,011 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in abrdn Healthcare Investors by 27.6% in the fourth quarter. Advisors Asset Management Inc. now owns 463,367 shares of the financial services provider’s stock worth $8,776,000 after purchasing an additional 100,347 shares during the period. 32.60% of the stock is currently owned by institutional investors.

abrdn Healthcare Investors Company Profile

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.