Abrdn World Healthcare Fund (NYSE:THW) Stock Price Up 0.6% – Should You Buy?

Abrdn World Healthcare Fund (NYSE:THW) shares rose 0.6% on Wednesday . The company traded as high as $13.60 and last traded at $13.48. 162,893 shares were traded during mid-day trading, an increase of 23% from the average session volume of 132,066 shares. The stock had previously closed at $13.40.

Abrdn World Healthcare Fund Price Performance

The company’s 50-day moving average is $12.69 and its two-hundred day moving average is $12.57.

Abrdn World Healthcare Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1167 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 10.2%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Abrdn World Healthcare Fund by 0.3% during 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 in the last quarter. Cetera Investment Advisers boosted its holdings in Abrdn World Healthcare Fund by 14.7% during the 2nd quarter. Cetera Investment Advisers now owns 68,817 shares of the company’s stock worth $706,000 after acquiring an additional 8,801 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Abrdn World Healthcare Fund by 23.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,404 shares of the company’s stock worth $322,000 after acquiring an additional 5,886 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Abrdn World Healthcare Fund in the 2nd quarter worth $113,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Abrdn World Healthcare Fund in the 3rd quarter worth $79,000.

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.