Abrdn Healthcare Opportunities Fund (NYSE:THQ) Stock Price Up 0.2% – Here’s What Happened

Abrdn Healthcare Opportunities Fund (NYSE:THQ)’s stock price was up 0.2% during mid-day trading on Wednesday . The stock traded as high as $18.93 and last traded at $18.8150. Approximately 86,382 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 191,112 shares. The stock had previously closed at $18.77.

Abrdn Healthcare Opportunities Fund Price Performance

The stock has a 50 day moving average of $18.06 and a 200 day moving average of $17.66.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 11.5%.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of hedge funds have recently bought and sold shares of THQ. Royal Bank of Canada grew its position in Abrdn Healthcare Opportunities Fund by 1.4% during the first quarter. Royal Bank of Canada now owns 1,043,637 shares of the company’s stock valued at $21,541,000 after acquiring an additional 14,467 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Abrdn Healthcare Opportunities Fund by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 954,956 shares of the company’s stock valued at $17,561,000 after purchasing an additional 28,217 shares in the last quarter. Heron Bay Capital Management grew its holdings in shares of Abrdn Healthcare Opportunities Fund by 7.6% during the 3rd quarter. Heron Bay Capital Management now owns 491,284 shares of the company’s stock valued at $8,494,000 after purchasing an additional 34,724 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Abrdn Healthcare Opportunities Fund by 0.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 254,515 shares of the company’s stock worth $4,681,000 after purchasing an additional 1,258 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Abrdn Healthcare Opportunities Fund by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 219,731 shares of the company’s stock worth $4,041,000 after purchasing an additional 12,244 shares during the last quarter.

About Abrdn Healthcare Opportunities Fund

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.