Abrdn World Healthcare Fund (NYSE:THW) Stock Price Down 1.9% – Should You Sell?

Abrdn World Healthcare Fund (NYSE:THW) fell 1.9% during mid-day trading on Thursday . The company traded as low as $12.27 and last traded at $12.2750. 115,241 shares traded hands during trading, a decline of 46% from the average session volume of 211,506 shares. The stock had previously closed at $12.51.

Abrdn World Healthcare Fund Stock Performance

The company has a 50 day simple moving average of $12.73 and a 200 day simple moving average of $12.28.

Abrdn World Healthcare Fund Announces Dividend

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

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Large investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC raised its holdings in Abrdn World Healthcare Fund by 9.0% during the third 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 during the last quarter. Royal Bank of Canada increased its position in shares of Abrdn World Healthcare Fund by 0.3% in the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock valued at $5,443,000 after buying an additional 1,390 shares in the last quarter. Wealth Effects LLC raised 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 buying an additional 1,400 shares during the last quarter. Wealth Quarterback LLC raised its stake in shares of Abrdn World Healthcare Fund by 4.0% during the 3rd quarter. Wealth Quarterback LLC now owns 54,198 shares of the company’s stock worth $683,000 after buying an additional 2,083 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Abrdn World Healthcare Fund in the 2nd 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.