Abrdn World Healthcare Fund (NYSE:THW) Shares Break Below 200 Day Moving Average – Should You Sell?

Shares of Abrdn World Healthcare Fund (NYSE:THW) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $12.84 and traded as low as $12.74. Abrdn World Healthcare Fund shares last traded at $12.7750, with a volume of 135,208 shares traded.

Abrdn World Healthcare Fund Stock Down 0.7%

The company has a 50 day simple moving average of $13.08 and a 200-day simple moving average of $12.84.

Abrdn World Healthcare Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 23rd were given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Friday, October 23rd. This is a decrease from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Abrdn World Healthcare Fund by 3.6% during the 1st quarter. Royal Bank of Canada now owns 462,836 shares of the company’s stock valued at $5,401,000 after purchasing an additional 16,093 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Abrdn World Healthcare Fund by 6.6% in the third quarter. CoreCap Advisors LLC now owns 262,034 shares of the company’s stock valued at $3,417,000 after acquiring an additional 16,314 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Abrdn World Healthcare Fund by 10.0% in the first quarter. Janney Montgomery Scott LLC now owns 257,753 shares of the company’s stock worth $3,008,000 after buying an additional 23,487 shares during the last quarter. Cetera Investment Advisers raised its stake in Abrdn World Healthcare Fund by 7.1% in the 1st quarter. Cetera Investment Advisers now owns 85,998 shares of the company’s stock valued at $1,004,000 after acquiring an additional 5,678 shares during the period. Finally, Kestra Advisory Services LLC raised its position in shares of Abrdn World Healthcare Fund by 7.8% in the third quarter. Kestra Advisory Services LLC now owns 57,476 shares of the company’s stock valued at $749,000 after purchasing an additional 4,175 shares during the period.

Abrdn World Healthcare Fund Company Profile

abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment fund focused on the global healthcare industry. The fund seeks to provide current income and long-term capital appreciation by investing primarily in equity and debt securities issued by companies involved in healthcare.

Its portfolio may include pharmaceutical and biotechnology companies, medical device and equipment manufacturers, healthcare services providers, diagnostics businesses, and other firms supporting the healthcare sector.