Abrdn World Healthcare Fund (NYSE:THW) Plans $0.12 Monthly Dividend

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be given a dividend of 0.1167 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Monday, August 24th.

Abrdn World Healthcare Fund Stock Performance

THW stock traded up $0.07 during midday trading on Wednesday, reaching $13.96. The company’s stock had a trading volume of 26,302 shares, compared to its average volume of 137,086. Abrdn World Healthcare Fund has a 1 year low of $10.84 and a 1 year high of $14.00. The stock has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $12.68.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in Abrdn World Healthcare Fund by 0.3% in the 1st quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock worth $5,443,000 after buying an additional 1,390 shares during the period. Cetera Investment Advisers boosted its position in Abrdn World Healthcare Fund by 14.7% in the 2nd quarter. Cetera Investment Advisers now owns 68,817 shares of the company’s stock valued at $706,000 after buying an additional 8,801 shares during the period. Ameriprise Financial Inc. boosted its position in Abrdn World Healthcare Fund by 23.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,404 shares of the company’s stock valued at $322,000 after buying an additional 5,886 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Abrdn World Healthcare Fund in the 2nd quarter worth about $113,000. Finally, SeaCrest Wealth Management LLC grew its stake in Abrdn World Healthcare Fund by 9.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,092 shares of the company’s stock worth $195,000 after acquiring an additional 1,247 shares in the last quarter.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.