Abrdn World Healthcare Fund (NYSE:THW) Shares Down 2.1% – Should You Sell?

Abrdn World Healthcare Fund (NYSE:THW)’s share price dropped 2.1% during trading on Tuesday . The company traded as low as $12.45 and last traded at $12.5550. Approximately 141,685 shares traded hands during trading, an increase of 8% from the average daily volume of 131,589 shares. The stock had previously closed at $12.82.

Abrdn World Healthcare Fund Trading Down 2.3%

The business has a 50-day moving average of $12.44 and a 200 day moving average of $12.55.

Abrdn World Healthcare Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.1167 per share. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date was Thursday, May 21st.

Institutional Trading of Abrdn World Healthcare Fund

A number of hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC raised its stake in shares of Abrdn World Healthcare Fund by 2.4% in the fourth quarter. Kestra Advisory Services LLC now owns 49,102 shares of the company’s stock worth $628,000 after buying an additional 1,157 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of Abrdn World Healthcare Fund by 9.0% in the third quarter. SeaCrest Wealth Management LLC now owns 15,092 shares of the company’s stock worth $195,000 after buying an additional 1,247 shares during the period. Royal Bank of Canada raised its stake 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 worth $5,443,000 after buying an additional 1,390 shares during the period. Bank of America Corp DE raised its stake in shares of Abrdn World Healthcare Fund by 4.8% in 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 during the period. Finally, Stifel Financial Corp raised its stake in shares of Abrdn World Healthcare Fund by 2.5% in the fourth quarter. Stifel Financial Corp now owns 66,256 shares of the company’s stock worth $847,000 after buying an additional 1,630 shares during the period.

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.