abrdn Healthcare Investors (NYSE:HQH) Stock Crosses Below 50-Day Moving Average – Time to Sell?

abrdn Healthcare Investors (NYSE:HQH) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.98 and traded as low as $18.82. abrdn Healthcare Investors shares last traded at $18.8480, with a volume of 540,398 shares trading hands.

abrdn Healthcare Investors Stock Down 0.9%

The stock’s 50 day simple moving average is $18.98 and its two-hundred day simple moving average is $17.75.

abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Friday, November 21st were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 12.1%. The ex-dividend date was Friday, November 21st. This is an increase from abrdn Healthcare Investors’s previous quarterly dividend of $0.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in abrdn Healthcare Investors by 0.5% during the second quarter. Janney Montgomery Scott LLC now owns 156,361 shares of the financial services provider’s stock worth $2,422,000 after purchasing an additional 768 shares during the last quarter. Uhlmann Price Securities LLC lifted its holdings in abrdn Healthcare Investors by 3.1% in the fourth quarter. Uhlmann Price Securities LLC now owns 25,711 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 781 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 788 shares during the last quarter. NewEdge Advisors LLC grew its position in abrdn Healthcare Investors by 2.1% in the second quarter. NewEdge Advisors LLC now owns 44,130 shares of the financial services provider’s stock worth $684,000 after acquiring an additional 897 shares during the period. Finally, Capital Investment Advisory Services LLC increased its stake in abrdn Healthcare Investors by 6.0% during the third quarter. Capital Investment Advisory Services LLC now owns 17,650 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 1,005 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.