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

Abrdn World Healthcare Fund (NYSE:THW) declared a monthly dividend on Monday, May 11th. Shareholders of record on Thursday, May 21st will be given a dividend of 0.1167 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Thursday, May 21st.

Abrdn World Healthcare Fund Stock Performance

NYSE:THW opened at $12.81 on Tuesday. The company has a fifty day simple moving average of $12.25 and a two-hundred day simple moving average of $12.53. Abrdn World Healthcare Fund has a 52 week low of $10.10 and a 52 week high of $13.19.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Several institutional investors have recently modified their holdings of THW. Kestra Advisory Services LLC grew its stake in shares of Abrdn World Healthcare Fund by 2.4% during the fourth quarter. Kestra Advisory Services LLC now owns 49,102 shares of the company’s stock worth $628,000 after purchasing an additional 1,157 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of Abrdn World Healthcare Fund by 9.0% during the third quarter. SeaCrest Wealth Management LLC now owns 15,092 shares of the company’s stock worth $195,000 after purchasing an additional 1,247 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Abrdn World Healthcare Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock worth $5,443,000 after purchasing an additional 1,390 shares in the last quarter. Wealth Effects LLC grew its stake in shares of Abrdn World Healthcare Fund by 4.9% during the third quarter. Wealth Effects LLC now owns 30,100 shares of the company’s stock worth $379,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Abrdn World Healthcare Fund by 2.5% during the fourth quarter. Stifel Financial Corp now owns 66,256 shares of the company’s stock worth $847,000 after purchasing an additional 1,630 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.