Abrdn Healthcare Opportunities Fund Announces Monthly Dividend of $0.18 (NYSE:THQ)

Abrdn Healthcare Opportunities Fund (NYSE:THQ) declared a monthly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.18 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Monday, August 24th.

Abrdn Healthcare Opportunities Fund Trading Down 0.4%

Abrdn Healthcare Opportunities Fund stock traded down $0.07 during mid-day trading on Wednesday, hitting $19.47. The company had a trading volume of 20,196 shares, compared to its average volume of 176,409. The stock’s 50 day moving average price is $18.73 and its two-hundred day moving average price is $18.49. Abrdn Healthcare Opportunities Fund has a 12 month low of $15.71 and a 12 month high of $20.39.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Several large investors have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC bought a new stake in Abrdn Healthcare Opportunities Fund during the 1st quarter valued at about $228,000. PMG Family Office LLC raised its holdings in Abrdn Healthcare Opportunities Fund by 7.4% in the first quarter. PMG Family Office LLC now owns 30,816 shares of the company’s stock worth $518,000 after buying an additional 2,114 shares during the last quarter. World Investment Advisors bought a new position in shares of Abrdn Healthcare Opportunities Fund in the fourth quarter worth approximately $460,000. HBK Sorce Advisory LLC lifted its stake in shares of Abrdn Healthcare Opportunities Fund by 4.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 27,089 shares of the company’s stock worth $518,000 after buying an additional 1,193 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Abrdn Healthcare Opportunities Fund by 675.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,357 shares of the company’s stock valued at $466,000 after buying an additional 21,215 shares during the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.