Abrdn World Healthcare Fund (NYSE:THW) Shares Down 1.9% – Here’s What Happened

Abrdn World Healthcare Fund (NYSE:THW)’s stock price was down 1.9% on Thursday . The stock traded as low as $12.27 and last traded at $12.2750. Approximately 115,241 shares were traded during trading, a decline of 46% from the average daily volume of 211,506 shares. The stock had previously closed at $12.51.

Abrdn World Healthcare Fund Price Performance

The firm’s fifty day simple moving average is $12.73 and its 200-day simple moving average is $12.28.

Abrdn World Healthcare Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 23rd were paid a $0.1167 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 11.4%.

Institutional Trading of Abrdn World Healthcare Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC increased its position in Abrdn World Healthcare Fund by 9.0% during the 3rd 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 lifted its holdings 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 valued at $5,443,000 after purchasing an additional 1,390 shares in the last quarter. Wealth Effects LLC boosted its stake in shares of Abrdn World Healthcare Fund by 4.9% during the 3rd quarter. Wealth Effects LLC now owns 30,100 shares of the company’s stock worth $379,000 after purchasing an additional 1,400 shares during the last quarter. Wealth Quarterback LLC grew its holdings in shares of Abrdn World Healthcare Fund by 4.0% during the third quarter. Wealth Quarterback LLC now owns 54,198 shares of the company’s stock worth $683,000 after buying an additional 2,083 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Abrdn World Healthcare Fund during the second quarter worth about $31,000.

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.