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

Shares of Abrdn Healthcare Opportunities Fund (NYSE:THQ) 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 were traded during mid-day 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 Price Performance

The firm’s fifty day moving average price is $21.83 and its 200-day moving average price is $20.92.

Abrdn Healthcare Opportunities Fund Increases Dividend

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

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in 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 acquiring an additional 285,929 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at $2,654,000. Greenleaf Trust bought a new stake in Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at $1,518,000. Cetera Advisors LLC bought a new stake in Abrdn Healthcare Opportunities Fund in the 1st quarter valued at $1,300,000. Finally, Raymond James & Associates lifted its position in 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 acquiring an additional 29,946 shares in 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.