Abrdn Healthcare Opportunities Fund (NYSE:THQ) Trading Up 0.6% – Time to Buy?

Abrdn Healthcare Opportunities Fund (NYSE:THQ) shot up 0.6% on Wednesday . The company traded as high as $20.43 and last traded at $20.43. 93,812 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 133,247 shares. The stock had previously closed at $20.30.

Abrdn Healthcare Opportunities Fund Price Performance

The company’s 50-day simple moving average is $20.70 and its 200-day simple moving average is $20.62.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a yield of 10.57%. The ex-dividend date of this dividend was Tuesday, March 25th.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust purchased a new stake in shares of Abrdn Healthcare Opportunities Fund during the fourth quarter worth about $48,000. Global Retirement Partners LLC purchased a new stake in Abrdn Healthcare Opportunities Fund during the 4th quarter worth approximately $97,000. D.A. Davidson & CO. raised its position in shares of Abrdn Healthcare Opportunities Fund by 2.2% in the 4th quarter. D.A. Davidson & CO. now owns 31,384 shares of the company’s stock valued at $592,000 after purchasing an additional 677 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Abrdn Healthcare Opportunities Fund during the 4th quarter valued at approximately $219,000. Finally, World Equity Group Inc. grew its position in shares of Abrdn Healthcare Opportunities Fund by 22.7% during the fourth quarter. World Equity Group Inc. now owns 12,700 shares of the company’s stock worth $240,000 after buying an additional 2,350 shares in the last quarter.

About Abrdn Healthcare Opportunities Fund

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.