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

by · The Markets Daily

Shares of Abrdn Healthcare Opportunities Fund (NYSE:THQ – Get Free Report) fell 1% during mid-day trading on Wednesday . The stock traded as low as $19.05 and last traded at $19.12. 155,360 shares were traded during trading, a decline of 17% from the average session volume of 187,054 shares. The stock had previously closed at $19.31.

Abrdn Healthcare Opportunities Fund Trading Down 1.0%

The business has a fifty day simple moving average of $18.50 and a two-hundred day simple moving average of $17.75.

Abrdn Healthcare Opportunities Fund Dividend Announcement

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

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of large investors have recently added to or reduced their stakes in THQ. PFG Investments LLC boosted its holdings in shares of Abrdn Healthcare Opportunities Fund by 3.8% in the 2nd quarter. PFG Investments LLC now owns 19,685 shares of the company’s stock valued at $362,000 after buying an additional 718 shares in the last quarter. Aviance Capital Partners LLC lifted its position in Abrdn Healthcare Opportunities Fund by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 81,699 shares of the company’s stock valued at $1,413,000 after acquiring an additional 793 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Abrdn Healthcare Opportunities Fund by 3.2% in the third quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 26,059 shares of the company’s stock valued at $451,000 after acquiring an additional 805 shares in the last quarter. World Equity Group Inc. grew its holdings in Abrdn Healthcare Opportunities Fund by 5.1% in the third quarter. World Equity Group Inc. now owns 17,650 shares of the company’s stock worth $305,000 after purchasing an additional 850 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 3.8% in the second quarter. HBK Sorce Advisory LLC now owns 25,762 shares of the company’s stock worth $474,000 after purchasing an additional 938 shares during the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

(Get Free Report)

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.

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