abrdn Healthcare Investors (NYSE:HQH) Shares Gap Down – Here’s Why

abrdn Healthcare Investors (NYSE:HQH) gapped down before the market opened 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.

abrdn Healthcare Investors Stock Performance

The company has a 50 day simple moving average of $20.84 and a two-hundred day simple moving average of $20.41.

abrdn Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 12th. Investors of record on Friday, November 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HQH. Steward Partners Investment Advisory LLC lifted its position in abrdn Healthcare Investors by 1.8% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 103,794 shares of the financial services provider’s stock worth $2,168,000 after buying an additional 1,800 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of abrdn Healthcare Investors by 5.7% during the 3rd quarter. First Trust Advisors LP now owns 121,329 shares of the financial services provider’s stock valued at $2,535,000 after acquiring an additional 6,537 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of abrdn Healthcare Investors in the third quarter worth $9,243,000. Private Advisor Group LLC increased its stake in shares of abrdn Healthcare Investors by 51.4% in the third quarter. Private Advisor Group LLC now owns 92,895 shares of the financial services provider’s stock worth $1,941,000 after acquiring an additional 31,550 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of abrdn Healthcare Investors by 2.4% in the third quarter. HighTower Advisors LLC now owns 31,248 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 733 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 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.