Abrdn Healthcare Opportunities Fund (NYSE:THQ) Trading Up 0.9% – Should You Buy?

Abrdn Healthcare Opportunities Fund (NYSE:THQ)’s share price was up 0.9% during trading on Wednesday . The company traded as high as $18.00 and last traded at $17.92. Approximately 226,694 shares changed hands during trading, an increase of 58% from the average daily volume of 143,369 shares. The stock had previously closed at $17.76.

Abrdn Healthcare Opportunities Fund Stock Performance

The business has a 50 day moving average of $18.21 and a 200 day moving average of $19.34.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be paid a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 12.06%. The ex-dividend date is Thursday, July 24th.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commerce Bank boosted its stake in Abrdn Healthcare Opportunities Fund by 45.0% during the fourth quarter. Commerce Bank now owns 17,127 shares of the company’s stock valued at $323,000 after buying an additional 5,315 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Abrdn Healthcare Opportunities Fund by 14.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,832 shares of the company’s stock valued at $299,000 after buying an additional 2,000 shares during the last quarter. Cerity Partners LLC boosted its stake in Abrdn Healthcare Opportunities Fund by 5.8% during the fourth quarter. Cerity Partners LLC now owns 24,103 shares of the company’s stock valued at $455,000 after buying an additional 1,315 shares during the last quarter. Shaker Financial Services LLC purchased a new stake in Abrdn Healthcare Opportunities Fund during the fourth quarter valued at approximately $924,000. Finally, Tradition Wealth Management LLC raised its position in Abrdn Healthcare Opportunities Fund by 37.5% during the fourth quarter. Tradition Wealth Management LLC now owns 22,148 shares of the company’s stock valued at $418,000 after purchasing an additional 6,041 shares during the period.

Abrdn Healthcare Opportunities Fund Company Profile

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.