Abrdn Healthcare Opportunities Fund (THQ) to Issue Monthly Dividend of $0.18 on June 30th

Abrdn Healthcare Opportunities Fund (NYSE:THQ) declared a monthly dividend on Tuesday, June 9th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.18 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Tuesday, June 23rd.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of NYSE THQ opened at $18.53 on Thursday. Abrdn Healthcare Opportunities Fund has a twelve month low of $15.14 and a twelve month high of $20.39. The stock’s 50 day moving average price is $18.11 and its 200-day moving average price is $18.60.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Abrdn Healthcare Opportunities Fund by 216.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,224 shares of the company’s stock worth $81,000 after buying an additional 2,891 shares during the last quarter. Comerica Bank boosted its stake in shares of Abrdn Healthcare Opportunities Fund by 30.3% in the 3rd quarter. Comerica Bank now owns 11,244 shares of the company’s stock worth $194,000 after buying an additional 2,613 shares during the last quarter. Maridea Wealth Management LLC purchased a new position in shares of Abrdn Healthcare Opportunities Fund in the 3rd quarter worth approximately $221,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the 1st quarter worth approximately $228,000. Finally, Fifth Third Bancorp bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the 1st quarter worth approximately $232,000.

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.