Abrdn Healthcare Opportunities Fund (NYSE:THQ) Shares Down 1.4% – Here’s Why

Abrdn Healthcare Opportunities Fund (NYSE:THQ) traded down 1.4% during mid-day trading on Monday . The stock traded as low as $21.77 and last traded at $21.77. 79,002 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 134,889 shares. The stock had previously closed at $22.09.

Abrdn Healthcare Opportunities Fund Price Performance

The stock has a 50-day moving average of $21.60 and a two-hundred day moving average of $20.68.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a yield of 9.75%. The ex-dividend date was Monday, September 23rd.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in Abrdn Healthcare Opportunities Fund in the third quarter valued at about $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at approximately $86,000. SteelPeak Wealth LLC acquired a new position in Abrdn Healthcare Opportunities Fund in the second quarter worth approximately $211,000. Aptus Capital Advisors LLC acquired a new position in Abrdn Healthcare Opportunities Fund in the second quarter worth approximately $225,000. Finally, Second Line Capital LLC bought a new position in Abrdn Healthcare Opportunities Fund during the second quarter valued at approximately $225,000.

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.