abrdn Healthcare Investors (NYSE:HQH) Shares Gap Down – Time to Sell?

abrdn Healthcare Investors (NYSE:HQH) gapped down prior to trading on Friday. The stock had previously closed at $22.08, but opened at $21.18. abrdn Healthcare Investors shares last traded at $21.1540, with a volume of 13,142 shares trading hands.

abrdn Healthcare Investors Trading Down 0.8%

The company’s fifty day simple moving average is $20.86 and its two-hundred day simple moving average is $20.40.

abrdn Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 12th. Shareholders of record on Friday, November 20th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HQH. Bollard Group LLC acquired a new position in shares of abrdn Healthcare Investors during the 1st quarter worth approximately $25,000. Integrated Wealth Concepts LLC acquired a new position in shares of abrdn Healthcare Investors in the second quarter worth $149,000. Ameritas Advisory Services LLC acquired a new position in shares of abrdn Healthcare Investors in the second quarter worth $149,000. Fifth Third Bancorp acquired a new position in shares of abrdn Healthcare Investors in the first quarter worth $123,000. Finally, 180 Wealth Advisors LLC purchased a new stake in shares of abrdn Healthcare Investors in the second quarter valued at $219,000. 32.60% of the stock is owned by hedge funds and other institutional investors.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors is a closed-end investment company that seeks long-term capital appreciation by investing primarily in the securities of healthcare and life sciences businesses. Rather than providing healthcare services directly, the fund offers investors exposure to companies in the sector. Its investments may include businesses involved in pharmaceuticals, biotechnology, medical devices and other healthcare-related areas. The portfolio can include companies in the United States and other markets, and its holdings may change over time.