Abrdn Healthcare Opportunities Fund (NYSE:THQ) Stock Price Up 3% – What’s Next?

Shares of Abrdn Healthcare Opportunities Fund (NYSE:THQ) rose 3% on Monday . The company traded as high as $18.91 and last traded at $18.81. Approximately 211,065 shares changed hands during trading, an increase of 58% from the average daily volume of 133,506 shares. The stock had previously closed at $18.26.

Abrdn Healthcare Opportunities Fund Trading Up 3.0%

The stock has a 50-day simple moving average of $19.57 and a 200 day simple moving average of $19.97.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.16 dividend on an annualized basis and a yield of 11.48%.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of institutional investors have recently bought and sold shares of THQ. Costello Asset Management INC purchased a new stake in Abrdn Healthcare Opportunities Fund during the first quarter worth $44,000. NBC Securities Inc. boosted its position in Abrdn Healthcare Opportunities Fund by 230,300.0% during the first quarter. NBC Securities Inc. now owns 2,304 shares of the company’s stock worth $47,000 after purchasing an additional 2,303 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in Abrdn Healthcare Opportunities Fund during the fourth quarter worth $48,000. Global Retirement Partners LLC purchased a new stake in Abrdn Healthcare Opportunities Fund during the fourth quarter worth $97,000. Finally, Virtu Financial LLC purchased a new stake in Abrdn Healthcare Opportunities Fund during the fourth quarter worth $216,000.

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.