Abrdn Healthcare Opportunities Fund (NYSE:THQ) Stock Price Down 0.8% – What’s Next?

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

Abrdn Healthcare Opportunities Fund Stock Down 0.8 %

The business’s fifty day moving average is $21.83 and its two-hundred day moving average is $20.92.

Abrdn Healthcare Opportunities Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be issued a $0.18 dividend. The ex-dividend date is Thursday, October 24th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.33%. This is a positive change from Abrdn Healthcare Opportunities Fund’s previous monthly dividend of $0.11.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. World Equity Group Inc. acquired a new stake in shares of Abrdn Healthcare Opportunities Fund in the third quarter valued at approximately $229,000. Fortitude Family Office LLC acquired a new stake in shares of Abrdn Healthcare Opportunities Fund in the third quarter valued at approximately $28,000. PFG Investments LLC increased its holdings in shares of Abrdn Healthcare Opportunities Fund by 12.4% in the third quarter. PFG Investments LLC now owns 19,102 shares of the company’s stock valued at $422,000 after purchasing an additional 2,107 shares in the last quarter. Consolidated Portfolio Review Corp grew its holdings in Abrdn Healthcare Opportunities Fund by 1.7% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 53,518 shares of the company’s stock worth $1,182,000 after acquiring an additional 874 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 2,108.0% during the 3rd quarter. International Assets Investment Management LLC now owns 299,493 shares of the company’s stock worth $6,613,000 after acquiring an additional 285,929 shares during the period.

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.