Abrdn World Healthcare Fund (NYSE:THW) Shares Down 1.3% – Time to Sell?

Shares of Abrdn World Healthcare Fund (NYSE:THW) traded down 1.3% during mid-day trading on Tuesday . The stock traded as low as $10.00 and last traded at $10.03. 191,082 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 134,137 shares. The stock had previously closed at $10.16.

Abrdn World Healthcare Fund Price Performance

The firm’s fifty day moving average price is $11.72 and its 200-day moving average price is $11.97.

Abrdn World Healthcare Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were issued a $0.1167 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $1.40 annualized dividend and a dividend yield of 13.96%.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Several institutional investors have recently modified their holdings of THW. Empire Financial Management Company LLC acquired a new stake in Abrdn World Healthcare Fund during the 3rd quarter worth approximately $262,000. Janney Montgomery Scott LLC raised its holdings in shares of Abrdn World Healthcare Fund by 3.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 39,214 shares of the company’s stock worth $432,000 after acquiring an additional 1,172 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Abrdn World Healthcare Fund in the 4th quarter valued at $176,000. Strategic Financial Concepts LLC boosted its stake in Abrdn World Healthcare Fund by 1,065.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 240,029 shares of the company’s stock worth $2,643,000 after purchasing an additional 219,428 shares during the period. Finally, Principal Securities Inc. increased its holdings in Abrdn World Healthcare Fund by 11.0% during the 4th quarter. Principal Securities Inc. now owns 24,869 shares of the company’s stock worth $274,000 after purchasing an additional 2,458 shares in the last quarter.

About Abrdn World Healthcare Fund

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.