Abrdn Healthcare Investors (NYSE:HQH) Sees Large Volume Increase – Here’s What Happened

Abrdn Healthcare Investors (NYSE:HQH) saw strong trading volume on Tuesday . 107,751 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 160,621 shares.The stock last traded at $17.77 and had previously closed at $17.69.

Abrdn Healthcare Investors Stock Performance

The stock’s 50-day moving average is $18.18 and its two-hundred day moving average is $18.11.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.62 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 14.04%.

Hedge Funds Weigh In On Abrdn Healthcare Investors

Several institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new position in Abrdn Healthcare Investors during the third quarter worth $16,145,000. Raymond James & Associates increased its stake in Abrdn Healthcare Investors by 79.8% in the third quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock worth $6,614,000 after purchasing an additional 157,618 shares during the period. Needham Investment Management LLC lifted its position in shares of Abrdn Healthcare Investors by 3.1% during the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock worth $4,750,000 after purchasing an additional 7,729 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Abrdn Healthcare Investors by 36.5% in the third quarter. Advisors Asset Management Inc. now owns 177,820 shares of the financial services provider’s stock worth $3,311,000 after purchasing an additional 47,518 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Abrdn Healthcare Investors by 46.8% in the first quarter. Cetera Investment Advisers now owns 177,208 shares of the financial services provider’s stock worth $2,988,000 after purchasing an additional 56,521 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

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.