Abrdn World Healthcare Fund (NYSE:THW) Shares Up 0.6% – Time to Buy?

Shares of Abrdn World Healthcare Fund (NYSE:THW) were up 0.6% during mid-day trading on Wednesday . The company traded as high as $10.44 and last traded at $10.44. Approximately 113,876 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 148,014 shares. The stock had previously closed at $10.38.

Abrdn World Healthcare Fund Price Performance

The business has a 50-day simple moving average of $10.45 and a 200-day simple moving average of $11.10.

Abrdn World Healthcare Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 13.41%. The ex-dividend date was Monday, June 23rd.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

Hedge funds have recently bought and sold shares of the stock. Triumph Capital Management raised its position in shares of Abrdn World Healthcare Fund by 10.3% during the 2nd quarter. Triumph Capital Management now owns 28,749 shares of the company’s stock worth $295,000 after acquiring an additional 2,692 shares in the last quarter. Integrity Alliance LLC. acquired a new stake in shares of Abrdn World Healthcare Fund during the 1st quarter worth about $131,000. Royal Bank of Canada raised its position 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 in the last quarter. Samalin Investment Counsel LLC raised its position in shares of Abrdn World Healthcare Fund by 9.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 75,713 shares of the company’s stock worth $873,000 after acquiring an additional 6,597 shares in the last quarter. Finally, Doheny Asset Management CA acquired a new stake in shares of Abrdn World Healthcare Fund during the 1st quarter worth about $144,000.

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.