Abrdn World Healthcare Fund (NYSE:THW – Get Free Report) declared a monthly dividend on Friday, September 11th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.12 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 2.8% increase from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.
Abrdn World Healthcare Fund Price Performance
NYSE THW opened at $13.43 on Friday. Abrdn World Healthcare Fund has a fifty-two week low of $11.18 and a fifty-two week high of $14.50. The business has a fifty day moving average of $13.67 and a 200-day moving average of $12.93.
Institutional Trading of Abrdn World Healthcare Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THW. Triumph Capital Management lifted its holdings in Abrdn World Healthcare Fund by 3.7% in the 2nd quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock valued at $423,000 after purchasing an additional 1,128 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Abrdn World Healthcare Fund during the second quarter worth about $27,000. Bank of America Corp DE grew its holdings in shares of Abrdn World Healthcare Fund by 4.8% during the first quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock worth $407,000 after buying an additional 1,595 shares in the last quarter. Empire Financial Management Company LLC raised its position in shares of Abrdn World Healthcare Fund by 3.7% in the first quarter. Empire Financial Management Company LLC now owns 63,694 shares of the company’s stock valued at $743,000 after buying an additional 2,265 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Abrdn World Healthcare Fund by 3.6% in the first quarter. Royal Bank of Canada now owns 462,836 shares of the company’s stock valued at $5,401,000 after buying an additional 16,093 shares during the last quarter.
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.
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