Shares of Abrdn Healthcare Opportunities Fund (NYSE:THQ – Get Free Report) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $18.64 and traded as high as $18.97. Abrdn Healthcare Opportunities Fund shares last traded at $18.7150, with a volume of 167,799 shares traded.
Abrdn Healthcare Opportunities Fund Price Performance
The stock has a 50-day simple moving average of $18.78 and a 200-day simple moving average of $18.64.
Abrdn Healthcare Opportunities Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $2.04 annualized dividend and a yield of 10.9%.
Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund
Several large investors have recently modified their holdings of THQ. Oppenheimer & Co. Inc. lifted its holdings in Abrdn Healthcare Opportunities Fund by 15.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 28,737 shares of the company’s stock worth $529,000 after purchasing an additional 3,793 shares in the last quarter. Wedbush Securities Inc. bought a new stake in Abrdn Healthcare Opportunities Fund during the third quarter worth about $3,639,000. B. Riley Wealth Advisors Inc. lifted its position in Abrdn Healthcare Opportunities Fund by 13.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 34,305 shares of the company’s stock worth $631,000 after buying an additional 3,943 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Abrdn Healthcare Opportunities Fund by 27.9% during the 3rd quarter. CoreCap Advisors LLC now owns 14,184 shares of the company’s stock valued at $261,000 after purchasing an additional 3,097 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund during the second quarter valued at about $45,000.
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.
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