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

Abrdn Healthcare Opportunities Fund (NYSE:THQ)’s share price rose 0% during trading on Monday following a dividend announcement from the company. The company 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 daily 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 dividend of $0.17 per share. The ex-dividend date is Friday, October 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 11.4%.

Abrdn Healthcare Opportunities Fund Trading Up 0.0%

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

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in THQ. Royal Bank of Canada increased its position in shares of Abrdn Healthcare Opportunities Fund by 1.6% in the first quarter. Royal Bank of Canada now owns 1,143,764 shares of the company’s stock worth $19,215,000 after acquiring an additional 17,907 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Abrdn Healthcare Opportunities Fund by 2.2% during the first quarter. First Trust Advisors LP now owns 141,958 shares of the company’s stock valued at $2,385,000 after purchasing an additional 3,047 shares during the last quarter. Bank of America Corp DE grew its position in shares of Abrdn Healthcare Opportunities Fund by 3.9% during the first quarter. Bank of America Corp DE now owns 106,349 shares of the company’s stock worth $1,787,000 after acquiring an additional 3,972 shares during the last quarter. Next Level Private LLC boosted its position in shares of Abrdn Healthcare Opportunities Fund by 9.2% during the second quarter. Next Level Private LLC now owns 93,047 shares of the company’s stock worth $1,743,000 after buying an additional 7,864 shares during the period. Finally, Aviance Capital Partners LLC grew its stake in shares of Abrdn Healthcare Opportunities Fund by 2.3% in the first quarter. Aviance Capital Partners LLC now owns 85,786 shares of the company’s stock worth $1,441,000 after purchasing an additional 1,949 shares in the last quarter.

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.