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

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Monday, January 12th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.1167 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Friday, January 23rd.

Abrdn World Healthcare Fund Stock Performance

Abrdn World Healthcare Fund stock traded down $0.04 during trading hours on Tuesday, reaching $12.79. The stock had a trading volume of 239,553 shares, compared to its average volume of 187,457. The business’s 50 day moving average price is $12.67 and its 200-day moving average price is $12.02. Abrdn World Healthcare Fund has a 52 week low of $9.80 and a 52 week high of $13.19.

Institutional Trading of Abrdn World Healthcare Fund

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC increased its stake in shares of Abrdn World Healthcare Fund by 3.7% in the 3rd quarter. Penserra Capital Management LLC now owns 1,106,178 shares of the company’s stock valued at $13,937,000 after purchasing an additional 38,973 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in Abrdn World Healthcare Fund by 112.9% in 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 last quarter. Royal Bank of Canada raised its holdings in shares of Abrdn World Healthcare Fund by 0.3% during the 1st quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock worth $5,443,000 after acquiring an additional 1,390 shares during the period. CoreCap Advisors LLC grew its position in Abrdn World Healthcare Fund by 2.0% in the third quarter. CoreCap Advisors LLC now owns 237,660 shares of the company’s stock worth $2,995,000 after acquiring an additional 4,635 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Abrdn World Healthcare Fund by 28.9% during the third quarter. Raymond James Financial Inc. now owns 193,392 shares of the company’s stock valued at $2,437,000 after acquiring an additional 43,376 shares during 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.