Abrdn Healthcare Opportunities Fund (NYSE:THQ) Trading at $17.86

Shares of Abrdn Healthcare Opportunities Fund (NYSE:THQ) shot up 0% on Monday after the company announced a dividend. The stock traded as high as $17.95 and last traded at $17.8650. 78,689 shares traded hands during trading, a decline of 53% from the average session volume of 166,403 shares. The stock had previously closed at $17.86.

The newly announced dividend which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a $0.17 dividend. The ex-dividend date is Friday, October 23rd. This represents a $2.04 annualized dividend and a yield of 11.4%.

Abrdn Healthcare Opportunities Fund Price Performance

The firm’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $18.58.

Institutional Trading of Abrdn Healthcare Opportunities Fund

Several hedge funds and other institutional investors have recently modified their holdings of THQ. First Trust Advisors LP boosted its position in Abrdn Healthcare Opportunities Fund by 2.2% during the 1st quarter. First Trust Advisors LP now owns 141,958 shares of the company’s stock worth $2,385,000 after acquiring an additional 3,047 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of Abrdn Healthcare Opportunities Fund by 2.3% during the 1st quarter. Aviance Capital Partners LLC now owns 85,786 shares of the company’s stock valued at $1,441,000 after purchasing an additional 1,949 shares in the last quarter. Advisortrust Partners LLC acquired a new stake in shares of Abrdn Healthcare Opportunities Fund in the first quarter worth about $282,000. D.A. Davidson & CO. lifted its holdings in Abrdn Healthcare Opportunities Fund by 1.5% in the 1st quarter. D.A. Davidson & CO. now owns 44,548 shares of the company’s stock worth $748,000 after purchasing an additional 657 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the 1st quarter worth $232,000.

About Abrdn Healthcare Opportunities Fund

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end investment company that seeks to provide total return through a combination of current income and long-term capital appreciation. The fund invests primarily in securities issued by companies involved in the healthcare industry.

Its portfolio may include common and preferred stocks, convertible securities, corporate debt and other investments across healthcare subsectors. These may include pharmaceuticals, biotechnology, medical devices and equipment, healthcare providers and services, healthcare technology, and related real estate companies.

The fund is managed by abrdn, a global investment management firm.