Abrdn Healthcare Opportunities Fund (NYSE:THQ) Shares Up 1.9% – Still a Buy?

Shares of Abrdn Healthcare Opportunities Fund (NYSE:THQGet Free Report) were up 1.9% on Friday . The stock traded as high as $18.52 and last traded at $18.2850. Approximately 183,005 shares were traded during trading, an increase of 19% from the average daily volume of 153,246 shares. The stock had previously closed at $17.94.

Abrdn Healthcare Opportunities Fund Trading Up 1.9%

The stock has a fifty day moving average price of $18.01 and a two-hundred day moving average price of $18.59.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date was Thursday, May 21st.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Abrdn Healthcare Opportunities Fund during the second quarter worth approximately $406,000. Ameriprise Financial Inc. lifted its position in shares of Abrdn Healthcare Opportunities Fund by 5.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 219,731 shares of the company’s stock valued at $4,041,000 after acquiring an additional 12,244 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Abrdn Healthcare Opportunities Fund by 25.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 31,729 shares of the company’s stock worth $583,000 after purchasing an additional 6,510 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Abrdn Healthcare Opportunities Fund in the second quarter worth $475,000. Finally, B.O.S.S. Retirement Advisors LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund in the third quarter worth $207,000.

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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