Abrdn Healthcare Opportunities Fund (NYSE:THQ) Shares Down 1% – Time to Sell?

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

Abrdn Healthcare Opportunities Fund Price Performance

The business’s 50 day moving average is $18.50 and its 200 day moving average is $17.75.

Abrdn Healthcare Opportunities Fund Dividend Announcement

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

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. Northwestern Mutual Wealth Management Co. lifted its position in Abrdn Healthcare Opportunities Fund by 273.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock worth $38,000 after acquiring an additional 1,365 shares during the period. Allworth Financial LP purchased a new position in shares of Abrdn Healthcare Opportunities Fund in the second quarter worth about $44,000. Geneos Wealth Management Inc. lifted its holdings in shares of Abrdn Healthcare Opportunities Fund by 270.3% during the third quarter. Geneos Wealth Management Inc. now owns 4,110 shares of the company’s stock worth $71,000 after purchasing an additional 3,000 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth about $151,000. Finally, Baker Avenue Asset Management LP purchased a new stake in Abrdn Healthcare Opportunities Fund in the second quarter valued at approximately $184,000.

Abrdn Healthcare Opportunities Fund Company Profile

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.