Abrdn Healthcare Opportunities Fund (NYSE:THQ) Trading Down 0.7%

Abrdn Healthcare Opportunities Fund (NYSE:THQGet Free Report)’s stock price fell 0.7% on Monday . The stock traded as low as $19.80 and last traded at $20.03. 167,185 shares were traded during trading, an increase of 7% from the average session volume of 156,185 shares. The stock had previously closed at $20.16.

Abrdn Healthcare Opportunities Fund Price Performance

The firm has a 50-day simple moving average of $19.07 and a two-hundred day simple moving average of $17.89.

Abrdn Healthcare Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a $0.18 dividend. This is a positive change from Abrdn Healthcare Opportunities Fund’s previous monthly dividend of $0.11. This represents a $2.16 annualized dividend and a yield of 10.79%. The ex-dividend date of this dividend was Wednesday, February 21st.

Institutional Trading of Abrdn Healthcare Opportunities Fund

Several large investors have recently made changes to their positions in THQ. Cibc World Market Inc. bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the 1st quarter worth about $913,000. Worth Asset Management LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the 1st quarter worth about $25,000. Nations Financial Group Inc. IA ADV boosted its stake in shares of Abrdn Healthcare Opportunities Fund by 10.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 16,685 shares of the company’s stock worth $371,000 after acquiring an additional 1,600 shares in the last quarter. UBS Group AG boosted its stake in shares of Abrdn Healthcare Opportunities Fund by 4.9% during the 1st quarter. UBS Group AG now owns 278,857 shares of the company’s stock worth $6,207,000 after acquiring an additional 13,028 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Abrdn Healthcare Opportunities Fund by 7.5% during the 1st quarter. Invesco Ltd. now owns 23,496 shares of the company’s stock worth $523,000 after acquiring an additional 1,642 shares in the last quarter.

About Abrdn Healthcare Opportunities Fund

(Get Free Report)

Tekla Healthcare Opportunities Fund is a closed ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.

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