Abrdn World Healthcare Fund (NYSE:THW) to Issue Monthly Dividend of $0.11

by · The Markets Daily

Abrdn World Healthcare Fund (NYSE:THW – Get Free Report) announced a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be paid a dividend of $0.11 per share on Friday, October 30th. This represents a $1.32 annualized dividend and a yield of 10.5%. The ex-dividend date is Friday, October 23rd. This is a 8.3% decrease from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Abrdn World Healthcare Fund Stock Up 0.8%

Shares of NYSE:THW traded up $0.10 on Wednesday, reaching $12.58. 14,990 shares of the company’s stock were exchanged, compared to its average volume of 130,833. The business’s 50-day moving average is $13.35 and its two-hundred day moving average is $13.03. Abrdn World Healthcare Fund has a fifty-two week low of $11.18 and a fifty-two week high of $14.50.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Hedge funds have recently made changes to their positions in the business. Triumph Capital Management lifted its stake in Abrdn World Healthcare Fund by 7.6% in the 3rd quarter. Triumph Capital Management now owns 33,944 shares of the company’s stock worth $443,000 after acquiring an additional 2,386 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Abrdn World Healthcare Fund by 52.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 15,526 shares of the company’s stock worth $202,000 after purchasing an additional 5,360 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Abrdn World Healthcare Fund by 6.6% during the 3rd quarter. CoreCap Advisors LLC now owns 262,034 shares of the company’s stock worth $3,417,000 after purchasing an additional 16,314 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Abrdn World Healthcare Fund during the 2nd quarter worth about $27,000. Finally, Bank of America Corp DE raised its stake in shares of Abrdn World Healthcare Fund by 4.8% during the 1st quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock worth $407,000 after purchasing an additional 1,595 shares in the last quarter.

Abrdn World Healthcare Fund Company Profile

(Get Free Report)

abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment fund focused on the global healthcare sector. The fund seeks to provide investors with total return through a combination of current income and long-term capital appreciation by investing in healthcare-related companies and securities.

The fund’s portfolio may include pharmaceutical, biotechnology, medical device, healthcare services, diagnostics, life sciences and other healthcare businesses. Its investments can span companies at different stages of development and may include issuers located in the United States and international markets, giving the fund exposure to healthcare trends across multiple geographies.

The fund was formerly known as Tekla World Healthcare Fund and adopted the abrdn World Healthcare Fund name following the transition of its investment management platform to abrdn.

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