Abrdn Healthcare Opportunities Fund (NYSE:THQ) Trading Down 0.8% – Here’s What Happened

Abrdn Healthcare Opportunities Fund (NYSE:THQ)’s share price dropped 0.8% during mid-day trading on Thursday . The stock traded as low as $20.92 and last traded at $20.92. Approximately 96,981 shares traded hands during trading, a decline of 26% from the average daily volume of 130,883 shares. The stock had previously closed at $21.09.

Abrdn Healthcare Opportunities Fund Trading Up 0.4 %

The business’s 50-day moving average is $21.81 and its 200-day moving average is $20.93.

Abrdn Healthcare Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were issued a $0.18 dividend. This represents a $2.16 annualized dividend and a dividend yield of 10.28%. The ex-dividend date of this dividend was Thursday, October 24th. This is a boost from Abrdn Healthcare Opportunities Fund’s previous monthly dividend of $0.11.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in shares of Abrdn Healthcare Opportunities Fund by 2,108.0% in the 3rd quarter. International Assets Investment Management LLC now owns 299,493 shares of the company’s stock valued at $6,613,000 after purchasing an additional 285,929 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the second quarter worth about $2,654,000. Greenleaf Trust purchased a new stake in shares of Abrdn Healthcare Opportunities Fund during the 3rd quarter worth about $1,518,000. Cetera Advisors LLC acquired a new stake in shares of Abrdn Healthcare Opportunities Fund during the 1st quarter valued at about $1,300,000. Finally, Raymond James & Associates increased its stake in shares of Abrdn Healthcare Opportunities Fund by 3.8% in the 2nd quarter. Raymond James & Associates now owns 827,221 shares of the company’s stock valued at $16,859,000 after purchasing an additional 29,946 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities Fund is a closed ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.