Abrdn Healthcare Opportunities Fund (NYSE:THQ) Trading 0.6% Higher – What’s Next?

Abrdn Healthcare Opportunities Fund (NYSE:THQ) shares shot up 0.6% during mid-day trading on Wednesday . The stock traded as high as $20.43 and last traded at $20.43. 93,812 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 133,247 shares. The stock had previously closed at $20.30.

Abrdn Healthcare Opportunities Fund Price Performance

The business’s fifty day moving average is $20.70 and its 200-day moving average is $20.62.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.57%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust purchased a new position in shares of Abrdn Healthcare Opportunities Fund in the 4th quarter worth about $48,000. Global Retirement Partners LLC acquired a new stake in Abrdn Healthcare Opportunities Fund during the 4th quarter worth approximately $97,000. D.A. Davidson & CO. raised its holdings in Abrdn Healthcare Opportunities Fund by 2.2% in the fourth quarter. D.A. Davidson & CO. now owns 31,384 shares of the company’s stock valued at $592,000 after buying an additional 677 shares during the period. Concurrent Investment Advisors LLC acquired a new position in Abrdn Healthcare Opportunities Fund during the fourth quarter valued at approximately $219,000. Finally, World Equity Group Inc. grew its stake in Abrdn Healthcare Opportunities Fund by 22.7% during the fourth quarter. World Equity Group Inc. now owns 12,700 shares of the company’s stock worth $240,000 after buying an additional 2,350 shares during the period.

Abrdn Healthcare Opportunities Fund Company Profile

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.