Abrdn Healthcare Investors (NYSE:HQH) Shares Gap Down – Should You Sell?

Abrdn Healthcare Investors (NYSE:HQH)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $17.72, but opened at $17.28. Abrdn Healthcare Investors shares last traded at $17.24, with a volume of 27,096 shares traded.

Abrdn Healthcare Investors Price Performance

The stock has a 50 day moving average of $18.39 and a 200 day moving average of $18.08.

Abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 14.39%. This is a boost from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, November 21st.

Institutional Trading of Abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings 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 acquiring an additional 56,521 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in Abrdn Healthcare Investors by 155.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 68,971 shares of the financial services provider’s stock worth $1,204,000 after purchasing an additional 41,971 shares during the period. International Assets Investment Management LLC bought a new stake in Abrdn Healthcare Investors in the third quarter worth $682,000. NINE MASTS CAPITAL Ltd purchased a new stake in Abrdn Healthcare Investors during the second quarter valued at about $1,350,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Abrdn Healthcare Investors during the second quarter valued at about $939,000. 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.