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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) announced a monthly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 20th will be given a dividend of 0.18 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Friday, February 20th.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of Abrdn Healthcare Opportunities Fund stock traded up $0.16 on Wednesday, hitting $19.07. 51,448 shares of the company’s stock traded hands, compared to its average volume of 212,213. Abrdn Healthcare Opportunities Fund has a one year low of $15.14 and a one year high of $21.30. The firm’s 50-day moving average price is $19.23 and its two-hundred day moving average price is $18.06.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Hedge funds have recently modified their holdings of the stock. Stolper Co boosted its holdings in shares of Abrdn Healthcare Opportunities Fund by 1.4% in the 4th quarter. Stolper Co now owns 37,732 shares of the company’s stock valued at $722,000 after buying an additional 539 shares during the last quarter. CWM LLC raised its position in Abrdn Healthcare Opportunities Fund by 1.2% during the fourth quarter. CWM LLC now owns 69,386 shares of the company’s stock worth $1,327,000 after acquiring an additional 790 shares in the last quarter. Aviance Capital Partners LLC grew its position in shares of Abrdn Healthcare Opportunities Fund by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 81,699 shares of the company’s stock valued at $1,413,000 after acquiring an additional 793 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of Abrdn Healthcare Opportunities Fund by 3.2% in the 3rd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 26,059 shares of the company’s stock valued at $451,000 after acquiring an additional 805 shares during the period. Finally, World Equity Group Inc. increased its stake in shares of Abrdn Healthcare Opportunities Fund by 5.1% during the 3rd quarter. World Equity Group Inc. now owns 17,650 shares of the company’s stock worth $305,000 after purchasing an additional 850 shares during the last quarter.

About Abrdn Healthcare Opportunities Fund

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.