Abrdn Healthcare Opportunities Fund (THQ) to Distribute Monthly Dividend of $0.17 on October 30th

Abrdn Healthcare Opportunities Fund (NYSE:THQ) announced a monthly dividend on Friday, October 9th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.17 per share on Friday, October 30th. This represents a $2.04 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Friday, October 23rd.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of THQ traded down $0.03 during midday trading on Wednesday, hitting $18.61. 12,752 shares of the stock traded hands, compared to its average volume of 164,412. Abrdn Healthcare Opportunities Fund has a 1-year low of $16.28 and a 1-year high of $20.39. The business’s 50 day moving average price is $18.94 and its two-hundred day moving average price is $18.63.

Institutional Trading of Abrdn Healthcare Opportunities Fund

Several hedge funds have recently bought and sold shares of THQ. Royal Bank of Canada lifted its stake in Abrdn Healthcare Opportunities Fund by 1.6% during the first quarter. Royal Bank of Canada now owns 1,143,764 shares of the company’s stock valued at $19,215,000 after purchasing an additional 17,907 shares during the last quarter. First Trust Advisors LP grew its position in Abrdn Healthcare Opportunities Fund by 2.2% in the first quarter. First Trust Advisors LP now owns 141,958 shares of the company’s stock worth $2,385,000 after buying an additional 3,047 shares during the last quarter. Bank of America Corp DE grew its position in Abrdn Healthcare Opportunities Fund by 3.9% in the first quarter. Bank of America Corp DE now owns 106,349 shares of the company’s stock worth $1,787,000 after buying an additional 3,972 shares during the last quarter. Next Level Private LLC grew its position in Abrdn Healthcare Opportunities Fund by 9.2% in 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 last quarter. Finally, Aviance Capital Partners LLC grew its position in 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 buying an additional 1,949 shares during 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.