Abrdn Healthcare Opportunities Fund (NYSE:THQ) Declares $0.18 Monthly Dividend

Abrdn Healthcare Opportunities Fund (NYSE:THQ) declared a monthly dividend on Tuesday, March 10th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.18 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Tuesday, March 24th.

Abrdn Healthcare Opportunities Fund Price Performance

THQ traded down $0.11 during midday trading on Wednesday, reaching $18.25. 63,187 shares of the company were exchanged, compared to its average volume of 175,580. Abrdn Healthcare Opportunities Fund has a one year low of $15.14 and a one year high of $21.07. The stock’s 50-day simple moving average is $19.26 and its 200 day simple moving average is $18.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of THQ. Stolper Co increased its holdings in shares of Abrdn Healthcare Opportunities Fund by 1.4% in the fourth quarter. Stolper Co now owns 37,732 shares of the company’s stock worth $722,000 after acquiring an additional 539 shares in the last quarter. StoneX Group Inc. lifted its holdings in shares of Abrdn Healthcare Opportunities Fund by 5.3% during the 4th quarter. StoneX Group Inc. now owns 14,170 shares of the company’s stock valued at $273,000 after purchasing an additional 711 shares in the last quarter. CWM LLC grew its position in shares of Abrdn Healthcare Opportunities Fund by 1.2% in the 4th quarter. CWM LLC now owns 69,386 shares of the company’s stock valued at $1,327,000 after purchasing an additional 790 shares during the period. Aviance Capital Partners LLC grew its position in shares of Abrdn Healthcare Opportunities Fund by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 81,699 shares of the company’s stock valued at $1,413,000 after purchasing an additional 793 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its stake in Abrdn Healthcare Opportunities Fund by 3.2% during the 3rd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 26,059 shares of the company’s stock worth $451,000 after purchasing an additional 805 shares in the last quarter.

About Abrdn Healthcare Opportunities Fund

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.