abrdn Healthcare Investors (NYSE:HQH) Reaches New 52-Week High – Should You Buy?

abrdn Healthcare Investors (NYSE:HQH) reached a new 52-week high on Tuesday . The stock traded as high as $20.51 and last traded at $20.4240, with a volume of 71573 shares. The stock had previously closed at $20.22.

abrdn Healthcare Investors Stock Performance

The firm has a 50 day moving average of $19.64 and a two-hundred day moving average of $19.16.

abrdn Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.61 per share. The ex-dividend date is Thursday, May 21st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 11.9%.

Institutional Investors Weigh In On abrdn Healthcare Investors

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position in abrdn Healthcare Investors by 11.5% during the fourth quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock worth $88,705,000 after acquiring an additional 481,548 shares during the period. Wolverine Asset Management LLC bought a new stake in abrdn Healthcare Investors in the 4th quarter valued at $2,780,000. Raymond James Financial Inc. boosted its holdings in abrdn Healthcare Investors by 9.2% in the 2nd quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock valued at $20,131,000 after purchasing an additional 110,011 shares during the period. Advisors Asset Management Inc. grew its position in abrdn Healthcare Investors by 27.6% in the 4th quarter. Advisors Asset Management Inc. now owns 463,367 shares of the financial services provider’s stock worth $8,776,000 after purchasing an additional 100,347 shares during the last quarter. Finally, LPL Financial LLC grew its position in abrdn Healthcare Investors by 23.6% in the 4th quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock worth $9,490,000 after purchasing an additional 95,667 shares during the last quarter. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.