Abrdn World Healthcare Fund (NYSE:THW) Stock Price Up 1.8% – Time to Buy?

Shares of Abrdn World Healthcare Fund (NYSE:THW) traded up 1.8% during mid-day trading on Wednesday . The company traded as high as $12.78 and last traded at $12.77. 75,529 shares changed hands during trading, a decline of 49% from the average session volume of 148,268 shares. The stock had previously closed at $12.55.

Abrdn World Healthcare Fund Stock Performance

The stock’s 50-day moving average price is $12.26 and its 200-day moving average price is $12.56.

Abrdn World Healthcare Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.1167 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Wednesday, April 22nd.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new stake in shares of Abrdn World Healthcare Fund during the 3rd quarter valued at approximately $79,000. Cornerstone Advisors LLC lifted its position in shares of Abrdn World Healthcare Fund by 112.9% during the 3rd quarter. Cornerstone Advisors LLC now owns 665,422 shares of the company’s stock valued at $8,384,000 after acquiring an additional 352,906 shares during the period. Wedbush Securities Inc. lifted its position in shares of Abrdn World Healthcare Fund by 245.1% during the 3rd quarter. Wedbush Securities Inc. now owns 71,384 shares of the company’s stock valued at $899,000 after acquiring an additional 50,700 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of Abrdn World Healthcare Fund by 14.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 134,117 shares of the company’s stock valued at $1,690,000 after acquiring an additional 16,612 shares during the period. Finally, Penserra Capital Management LLC lifted its position in shares of Abrdn World Healthcare Fund by 3.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,106,178 shares of the company’s stock valued at $13,937,000 after acquiring an additional 38,973 shares during the period.

Abrdn World Healthcare Fund Company Profile

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.