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

abrdn Healthcare Investors (NYSE:HQH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.80 and last traded at $19.6450, with a volume of 140 shares traded. The stock had previously closed at $19.64.

abrdn Healthcare Investors Trading Down 0.4%

The firm has a fifty day moving average price of $19.11 and a 200 day moving average price of $18.17.

abrdn Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th will be issued a $0.63 dividend. The ex-dividend date is Friday, February 20th. This is a positive change from abrdn Healthcare Investors’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 12.9%.

Institutional Investors Weigh In On abrdn Healthcare Investors

Hedge funds have recently made changes to their positions in the company. Uhlmann Price Securities LLC grew its position in abrdn Healthcare Investors by 3.1% during the 4th quarter. Uhlmann Price Securities LLC now owns 25,711 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 781 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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 worth $191,000 after buying an additional 788 shares during the period. NewEdge Advisors LLC boosted its position in shares of 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 buying an additional 897 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in shares of abrdn Healthcare Investors by 4.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 25,612 shares of the financial services provider’s stock valued at $485,000 after buying an additional 989 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its position 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 valued at $326,000 after buying an additional 1,005 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

About abrdn Healthcare Investors

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.