Abrdn World Healthcare Fund Declares Monthly Dividend of $0.12 (NYSE:THW)

Abrdn World Healthcare Fund (NYSE:THW) declared a monthly dividend on Tuesday, April 9th, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.117 per share on Tuesday, April 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date is Monday, April 22nd.

Abrdn World Healthcare Fund Stock Up 1.3 %

Shares of THW opened at $12.65 on Friday. The company’s 50 day moving average price is $12.74 and its 200 day moving average price is $12.03. Abrdn World Healthcare Fund has a 52 week low of $9.76 and a 52 week high of $14.75.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Hedge funds have recently modified their holdings of the stock. Comerica Bank acquired a new position in Abrdn World Healthcare Fund in the 3rd quarter worth about $71,000. PNC Financial Services Group Inc. bought a new position in Abrdn World Healthcare Fund during the second quarter valued at approximately $93,000. Oppenheimer & Co. Inc. grew its position in Abrdn World Healthcare Fund by 15.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,930 shares of the company’s stock worth $151,000 after acquiring an additional 1,697 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Abrdn World Healthcare Fund during the 3rd quarter worth $171,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Abrdn World Healthcare Fund during the 3rd quarter valued at $183,000.

Abrdn World Healthcare Fund Company Profile

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.