Abrdn Healthcare Opportunities Fund (NYSE:THQ) Trading Down 1% – Here’s What Happened

Abrdn Healthcare Opportunities Fund (NYSE:THQ)’s share price was down 1% during mid-day trading on Wednesday . The stock traded as low as $19.05 and last traded at $19.12. Approximately 155,360 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 187,054 shares. The stock had previously closed at $19.31.

Abrdn Healthcare Opportunities Fund Trading Down 1.0%

The stock has a 50-day moving average price of $18.52 and a 200 day moving average price of $17.76.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Wednesday, December 31st.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in THQ. Northwestern Mutual Wealth Management Co. lifted its position in Abrdn Healthcare Opportunities Fund by 273.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $38,000 after acquiring an additional 1,365 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the second quarter valued at about $44,000. Geneos Wealth Management Inc. boosted its position in shares of Abrdn Healthcare Opportunities Fund by 270.3% during the third quarter. Geneos Wealth Management Inc. now owns 4,110 shares of the company’s stock worth $71,000 after buying an additional 3,000 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth about $151,000. Finally, Baker Avenue Asset Management LP bought a new position in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth about $184,000.

Abrdn Healthcare Opportunities Fund Company Profile

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.