Abrdn Healthcare Investors (NYSE:HQH) Sees Large Volume Increase – Time to Buy?

Abrdn Healthcare Investors (NYSE:HQH) saw an uptick in trading volume on Tuesday . 107,751 shares changed 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 Down 0.1 %

The firm has a 50 day moving average of $18.18 and a 200-day moving average of $18.11.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders 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 represents a $2.48 annualized dividend and a dividend yield of 14.04%. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HQH. Cetera Investment Advisers lifted its position in shares of Abrdn Healthcare Investors by 46.8% in the 1st 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 period. Cetera Advisors LLC bought a new stake in Abrdn Healthcare Investors during the 1st quarter valued at $1,974,000. Raymond James & Associates increased its holdings in shares of Abrdn Healthcare Investors by 0.9% in the 2nd quarter. Raymond James & Associates now owns 197,587 shares of the financial services provider’s stock valued at $3,450,000 after acquiring an additional 1,847 shares during the period. Atomi Financial Group Inc. raised its position in shares of Abrdn Healthcare Investors by 27.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 23,457 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 5,098 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Abrdn Healthcare Investors during the 2nd quarter worth $101,000. 32.60% of the stock is currently owned by institutional investors.

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.