abrdn Healthcare Investors (NYSE:HQH) Sets New 12-Month High – Still a Buy?

abrdn Healthcare Investors (NYSE:HQH)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $22.20 and last traded at $21.8690, with a volume of 15595 shares. The stock had previously closed at $22.00.

abrdn Healthcare Investors Price Performance

The business’s 50-day moving average price is $19.98 and its 200 day moving average price is $19.32.

abrdn Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, May 21st were issued a dividend of $0.61 per share. The ex-dividend date was Thursday, May 21st. This represents a $2.44 dividend on an annualized basis and a yield of 11.1%.

Institutional Trading of abrdn Healthcare Investors

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares during the period. Integrated Wealth Concepts LLC bought a new stake in abrdn Healthcare Investors in the 1st quarter valued at $166,000. NewEdge Advisors LLC lifted its holdings in abrdn Healthcare Investors by 3.0% during the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,274 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in abrdn Healthcare Investors by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 788 shares during the last quarter. Finally, Invesco Ltd. boosted its position in abrdn Healthcare Investors by 59.8% during the second quarter. Invesco Ltd. now owns 74,168 shares of the financial services provider’s stock worth $1,149,000 after purchasing an additional 27,768 shares during the period. Institutional investors 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.