Abrdn Healthcare Investors (NYSE:HQH) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Abrdn Healthcare Investors (NYSE:HQH)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.25 and traded as low as $16.54. Abrdn Healthcare Investors shares last traded at $16.74, with a volume of 209,411 shares.

Abrdn Healthcare Investors Trading Down 0.8 %

The stock has a fifty day moving average of $17.19 and a 200 day moving average of $18.06.

Abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were issued a $0.62 dividend. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 14.95%. The ex-dividend date was Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC boosted its holdings in Abrdn Healthcare Investors by 3.1% during the third quarter. Ashton Thomas Securities LLC now owns 25,121 shares of the financial services provider’s stock worth $468,000 after buying an additional 754 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Abrdn Healthcare Investors by 3.1% during the 2nd quarter. Private Advisor Group LLC now owns 37,448 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 1,140 shares during the period. Sage Capital Advisors llc boosted its position in Abrdn Healthcare Investors by 4.7% during the third quarter. Sage Capital Advisors llc now owns 28,733 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 1,289 shares in the last quarter. Truist Financial Corp grew its position in shares of Abrdn Healthcare Investors by 11.9% in the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 1,355 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of Abrdn Healthcare Investors during the third quarter worth about $46,000. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Company Profile

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.